While owning an apartment building may seem like a lucrative investment, a recent article highlights the financial distress facing many rental properties, particularly in the South and Southwest regions of the United States. Despite soaring rents due to housing shortages and inflation, a growing number of landlords face the risk of default on their mortgages. The pandemic-fueled surge in rents has started to taper off, with rates now beginning to decline in several areas. Compounded by higher interest rates imposed by the Federal Reserve to combat inflation, building owners are finding it increasingly difficult to keep up with mortgage payments. Additionally, an oversupply of higher-end apartments in cities like Houston and Tampa has resulted in decreased demand from renters. Although the situation has not yet escalated into a crisis, financial analysts are concerned that up to 20 percent of all apartment property loans could be at risk of default.