I wholeheartedly support what you were saying, if the landlord can survive this recession, they will all come out stronger.

I agree with your wife, stick with the plan - the fear is irrational and exaturated:- We know from 1980, 1981, 1991 and 2001 that real estate does very well in times of econmoic recession. 2008 was the only exception, but it was also a housing and mortgage bubble.

If rates don’t go down after this recession (which on average lasts about 17.5 months- you can fact check this on Google) then we will just use it as a medium term or long term rental.

Recession most likely. 

Does that even mean I'm getting a deal in the face of this recession? 

What do you think would happen once the foreign workers leave the country, due to the recession caused by the pandemic?

That lets you concentrate your equity and recession proof one property. 

, I agree with Lauren that you should hold on to the Boulder rental, as it’s such a great market: easy to find quality tenants/ high demand, rents are increasing, supply is always going to be limited by open space protection and geography, diverse and recession-resistant job market, etc.

Global inflation, global recession, hawkish fed which is making mortgage interest rates rise, potential for WW3, an administration that is more concerned with overseas affairs than within the country.

I feel like I am free because I have the option to keep doing my W2 job or not, and I'm diversified so I can withstand a stock market crash or a real estate market crash or a recession where vacancies rise as families consolidate or rents drop.