In the event of a true disaster, just know you can't keep yourself whole.Basically, you're participating to save on pennies--via a normal insurance process--and to keep yourself exposed to any fat tails event. 

There are a lot of different ways to start investing, so trimming the fat on the direction is a great beginning. 

Hey Gene! 

For example, take a fat food franchise.  

Thanks  Sorry Couldn't seem to edit. 200k property with 200k in insurance not 100k my fat fingers messed up :) The quote is a little above 300k

Throw in literally anything you want, plus salt, and boom you have chicken soup, with all the great nutrients from those chicken bones/fat.

Agreed mate.Too many variations and mud thrown on the word over the years.Maybe we should come up with a new phrase lolSomething on the lines of "House Hacking" and "BRRR" 🤷‍♂️"Fully Renovated And Tenanted""FRAT" property investing lolCut the FAT and invest in FRAT haha

What happens if you inherited the longevity gene from your great aunt Mary, and you live to be one hundred years old?

In the end, there wasn't enough fat left after purchase and rehab so we let it drop.

Wages increase so significantly that it allows homes to not drop, stay as is or increase (fat chance).Clearly someone is going to win in this (potentially current homeowners and upper middle class), with losers being Millenials, Gen Z and others who do not own OR they are the winners and losers are anyone who bought the past 3 years.Either way, someone will win and someone is gonna lose.For me, I play offense and defense - I am consistently looking for deals but also if #1 happens, am I protected.