Not quite sure how to deal with it because its description of the current Phoenix market bears little comparison with the real world.Some quotes are:Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing pricesfour US cities will suffer the most catastrophic dips, drawing comparisons to the 2008 housing crashPhoenix Arizona will likely see noticeable increase before drastic decreases of more than 25%My comments are:We saw skyrocketing interest rates in 2Q and 4Q of last year.

It would be catastrophic to a lot higher powers to allow the market to crash.

If you have a catastrophic issue, your insurance will not pay to bring your property up to code if it was not current at the time of loss.This will be an expensive lesson in what to look for if this was not already figured in the deal and cash flow estimates.Good luck.

That's easy to do with a catastrophic injury anymore.

They're at your mercy to take care of it.You say the boiler broke twice and then failed catastrophically (leaking.) 

It doesn't hurt to have a conversation with your tenants about the signs of a bad grinder pump but I wouldn't be worried about a catastrophic loss. 

It also means that you are spreading your risk out over 3X an "area" so your loss from a bad tenant is only 1/3 of what it is now (a bad tenant in your one property would be catastrophic).

It's mostly just catastrophic protection for a little over $500/mo. 

I’ve had some minor issues here and there, your average leaky faucet, running toilet type of situations but the only real catastrophe I’ve had in the past 3 years happened on the other side of the duplex I house hack and it was a frozen pipe that burst on the coldest night of the winter this past year.

Insurance is great, and would most likely protect you 99% of the time, but it only takes one catastrophic event of liability and all your assets would be at risk if owned all in your personal name.