Don't discount that.Real estate remains a valuable investment despite current challenges due to its tangible nature, long-term appreciation, and potential for consistent rental income.

This is just the nature of commercial loans. 

The human race has historically been poor at predicting future, so it's wise to prepare for multiple scenarios.Mortgage rates in 2025 may decrease slightly if inflation stabilizes and the Federal Reserve eases rates, though they are unlikely to return to pre-pandemic lows.

I might say that most of those are going to be residential in nature as well. 

I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.

The BP community of course naturally gravitates to fixed rate long-term debt on real assets as probably the safest way to use leverage to build wealth. 

The other hurdle many run into is that you need to have funds to close and cover reserves in a US based bank account.  

Easy to make updates and reprint to put in nice 3 ring binder.Many people are not logged into Vrbo besides person making reservation and appreciate being able to easy get information.

ALSO, I have not had to do an eviction following a partial payment agreement (so I don't know exactly how that would pan out in our courts), all of my tenants have so far completed their payment agreements as signed.Multifamily Northwest has forms for these types of things available via the Rental Forms Center at https://rentalformscenter.com/ Their forms are typically well reviewed by local attorneys; as you'll note, on the Partial Rent Payment Receipt there is verbiage specifically about if the landlord has/has not served a termination notice and reserving the landlords right to eviction if the agreement is not completed. 

Finally, of the extra $200k, how much are you putting into operating reserves?