Second, the insurance is $1.5k which seems to be low as well. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

The patent on the 30 year with taxes and insurance was 3900 or so.   

Just withdraw it—it’s like a checking account.The Risks (Depends Who You Ask):A lawyer says everything can go wrong.An insurance agent says the same (so they can charge more).An engineer?

Today, the injunction was struck down. Register your corporations by Jan 13, 2025

This decision often comes down to a simple numbers game.

I forgot to add that the insurance and tax is included in my mortgage of $2,005.

I think the best model, and one I'm currently working on, would be more akin to how insurance works. 

to your point, if you save up so that you're in a strong financial position, house hack a solid duplex in a decent neighborhood, make smart decisions, and hold it indefinitely, you'll be fine.conversely, if you have $0 and somehow start out with a risky flip, or borrow $20K and spend it all on a magic mentoring program, or buy a terrible property in a neighborhood you've never been to, you may not be fine.

Not if insurance paid for it.