Between the two majors I'd had learned everything from "Money and Banking 101" to Micro/Macro Economics and Statistics.

If I’m remembering correctly I believe around 4-5 percent of American households are millionaires and less then 10 percent of that is above 5M so statistically you’re up there if you’re in excess of 5 or 10M.

Census Bureau and the Dept of Labor Statistics.

Maybe even most; I don't know statistics well enough to say.

Have a $500k-$2m liability insurance policy on each property and if really worried, also put them in umbrella policy as well (I did this, I was worried)Liability is lower for “mom and pop” landlord so under 4 doors, statistically lower risk.After 4+ doors, do LLC.At 4+ doors would be hard to argue you aren’t running rental businesses and should have accounting structured as a business as well as gear up liability protection.NEXT QUESTION“Should I put every property in an LLC?”

Also get an advanced degree with some sort of statistical background as early as possible as it is an asset that will always be with you.

I see capitalism and our system as superior, and statistically the rest of the world does as well considering we receive the most citizenship applications in comparison to any other country out there.

There’s no point in starting if you can’t sustain because statistical data shows that responses typically occur after at least 3+ mailings.

And regardless if the business is selling donuts or offering shelter, liability and risk are out there and people manage them differently, even if statistics suggest otherwise.

Looking at statistics for Chicago as a whole is almost meaningless.