In real estate, that would look like some solid LTR and maybe commercial tenantsThat being said, there are still many opportunities in STR in many areas.  

A friend of mine recently got a $2M umbrella policy for around $300 annually by bundling it with home and auto insurance; it’s worth exploring.Out of curiosity, are you primarily investing in residential properties or venturing into commercial spaces?

Approx 5 commercial  properties with total combined value book value 12m .. actual maybe 20-25m?

I seem to be “landlocked” for any borrowing at this time.I did go to the bank that holds three three commercial loans for my apartments.

(The typical commercial loans I use are at 9.5% right now so be prepared for that.)4. 

Adaptive Reuse: Turning Old into GoldRepurposing commercial spaces into residential units is another exciting trend.

Finance- you’re moving into the commercial level.  

A few comments from my perspective (and after reading @Dan H. comments):I agree with Dan, and view this as a negative cash flow property as well, given that more than 20% down was necessary to make it work with what I suspect is a non-commercial 30 year note given the interest rate. 

I own a small multifamily commercial in Albuquerque and can confirm the diversity of the economic and cultural factors that you mentioned. 

I came into about 800k and looking to go into commercial multi family in the Midwest (Iowa most likely).