I am paying $120 a month for premium coverage on a property that has a RV of $180k

The current government is doing what they can to encourage growth and prosperity in the area as well.Downtown and Notre Dame multifamily does concern me currently, I think they are building far too much premium (A-Class) stock in the area right now.

You are right, the good location properties can probably be rented at a premium if they are in any desirable spot in SD. 30% occupancy doesn't seem like to tough a feet, but like you said I'll have to do a lot of research first!

You will have to dig a little deeper and see if the premium rents will support the investment.

Home cost me $18.5k, policy is for 52k, and the premium is $510/year.

There are 4 options:  Base, Economy, Standard and Premium. 

Any chance the assessor's process is to tack on some assumed premium without being able to verify? 

**fine print - Individual results will vary by the individual tenants credit profile, zip code and claims history....Here is an Ohio example of someone I quoted last week - $15k in property, $100k liability, $1k deductible premium was $187 year / $16 month.Increasing Property to $30k and Liability to $1 Mill the total premium is $275 year / $23 month.

Loan origination fee will be added to this.. if not they are making a yeild spread premium is how they are getting paid.a loan company cannot stay in business unless they make 3 to 5k per file.. not possible. over head would kill themif its a bank direct then thats different

If you're buying in an area that's seeing some momentum, then you're paying a premium for the momentum in order to gain appreciation and stronger income growth.