I am reminded of a story that Gordon Moss told me years ago... Derisking and being very conservative allowed him to sail through the great financial crash of 2008, whilst his counterparts lost everything during the blood bath. We don't know what's coming, so position accordingly. If real estate prices drop by 30%, or if rents go down while taxes and insurance keep going up would stress you out, it's time to consider taking some profits off the table. You may want to convert some of your real estate into notes and be the lender on your properties instead.