(Of course, as discussed in this thread, I would keep substantial liability coverage).What I found is that the statistical value of the property insurance, based on Claim Frequency (percentage of households making a claim each year) and Claim Severity (average payout for each claim), in the categories of Fire & Lightning, Wind & Hail, Water Damage & Freezing, and "All Other Property Damage" pales in comparison to the premiums charged.

They occupy a certain percent of the household.

Max Householder I've seen the price of Minneapolis and the surrounding area go up over the last couple years pretty dramatically, but with that said there are such good economic factors that I totally agree Minneapolis is a great investor city for anyone trying to create a long term rental portfolio!

Also considering that household debt has made a new high (see article link below) surpassing 2008 levels, everyone pray that both unemployment and interest rates stay low so stock market and real estate parties continue. lol. https://www.nytimes.com/2017/05/17/business/dealbook/household-debt-united-states.html 

It's all relative.If a household is pulling in 400k/yr and their mortgage is 38% of their income... other cost of living items like food, clothing, transportation are still a small(er) percentage of their income.

@Max Householder hit the nail on the head with Cherokee, and South City in general... the quality of the area and the tenants you can get can vary drastically block by block.

Scenery: 1 (mountains, river, trees)4. amenities: 1 (Park, pool, river, football field, tennis court, baseball field (not close enough to be hit lol), yard)5. crime rate: 1 (literally only a few assaults in past year and one robbery)6. income: 3 (median household income = $43,000)7. transportation: 2 (some but not much)8. walking distance: 1 (close to everything)9.

Take that 500 billion and divide it equally between everyone that filed a federal tax form last year (usually around 100k but assume 150k since people had to file for the stimulus check).Now you're talking a chunk of change, $3,000,000+ per tax return/household.

The guys often end up getting married only to find themselves ending up living their wife's best middle-class life, which often ends up little more than an elaborate charade of pictures posted to Facebook and Instagram that allow the wife to demonstrate to her mother and high school rivals that she made a good middle-class choice of a family provider and she is in the process of achieving middle-class household happiness.

The past two years of data was for a 2 person household when I lived in the home with my wife.