We certainly have seen significant appreciation in a lot of areas, and those days of massive double digit appreciation growth are behind us, especially considering the headwinds of rising interest rates going forward.  

Justin Prince I agree with Jay, definitely come out to some of the local networking events when you're in town.

Welcome to BP @Senthilvelrajan Kumaresan You can find upcoming events and meetups near you here https://www.biggerpockets.com/forums/521-events-and-happenings

It will also likely be posted on BP going forward by yours truly in the "networking events" section of the website. :)

OREIO is a real estate meetup group in Ottawa and their next event in on 8th March.

Ideally, it would be nice if I could avoid foreclosing in the event of a default.

Great way to start networking and pieces of education to fit your real estate direction.Big suggestion, start looking up local REI events in your area and start gathering your power team and network in the area you are prospecting.Great way of having the best of both worlds of online and in person connections.Let me know if you have any questions.Regards,Joe Scorese

The meet-up and networking event will be tomorrow at the Caboto Center 1055 wilkes ave on feb 27th from 6:30pm to about 9pm.  

But that is just me.In any event 550K sounds excessive.

But in the event there is a loss, it is essentially a short sale scenario.