Always disappointed to see unexpected cash go out the door, but if the deal can't survive a $25/M hit, you need to adjust your underwriting moving forward. 

I survived the huge crash in RE that started here in CA in 2005 and went for several years.  

I hope you can survive wholesaling in Canada.

If you need the money today to survive then thats a different story and changes the importance.

With the INS. on my main home in New York I have coverage on my rental house in New Jersey for about $100 extra and it covers four or five different occurrences. other then that I have no insurance on my jersey property I own it outright so it's not required it survived Sandy so I have no flood insurance and I'm not worried about theft cuz it has no value of anything inside plus it's a very safe neighborhood and with the normal 2 the $5,000 deductible who cares if they steal something don't have the policy in front of me but you should be talking to a couple of different agents about that

So I want financial independence so I can afford to take time off for the things I enjoy or that I can survive if something tragic happens and I'm incapable of working.I ate at a small diner last year that was owned by a couple in their 80s.

The 2 have nothing to do with each other.Rents are a product of supply and demand, and the reason multifamily survives recessions better than any other asset type.When interest rates go up so does the cap rate, eventually.

If the “balance sheet” is solid then the only debate to have is 1) Can I survive if rents fell 20% 2) Vacancies rose 25% 3) where to load up RE when the market takes a turn.

If one spouse's income goes away from illness or death, the working and/or surviving spouse has children, a job and a mortgage.

I'm glad you survived such a horrible thing and can share with us your experience, thank you.I am so amazed at the creativity of some of the suggestions in the comments by Rob K and Bill Gulley.