@Eric Lee Nation    I did ins claims in another life for 14 years - I do not recommend that EVER as someone's employment but I did learn a few things.Here's 2 things agents or no one will tell you -- your Replacement value (RV) on the house is JUICED up way higher than what's realistic -- however you have a relatively inexpensive house so it's not much of an issue - but typically the reason they juice the RV is to get your wind/hail deductible higher -- typically 1%, 2%, 3%, 5% of RV is what your wind/hail deductible will be even if you had a $1k or whatever other deductible they offer for any other peril -- so follow me for a minute - you bought a rental for $150k -- they've juiced the replacement cost to $250k the most likely loss in KS or the midwest in general is going to be wind/hail --- the math actuarial nerds do this so the casino or the ins company in this case has the upper hand -- do the math what a 2% or 3% deductible on a $250k house will be -- I have a commercial building insd for over a million -- the lowest wind/hail ded they will give me is 5% -- the only reason I have ins at this point is I'm required to -- the wind hail coverage is worthless to me with as high as the deductible is.Anyways with that out of the way - ask your agent if you have a 3% option - at that RCV cost they figured of $99k that wouldnt be much different than the $2500 all perils coverage you have now -- Also I'd wager as someone mentioned dropping the med payments to others coverage -- it probably wont make a bit of difference in your policy cost -- I could be wrong - but I'd guess $25-50 dollars a year -- your coverage is the price it is due to the perceived wind/hail risk the company is putting on KS.I'm with Big Red and have been for a # of years -- your price to insure that house is on par with what I get from them for that replacement cost -- though i think State Farms game is a bit different they really jack up the Replacement cost so I have higher wind/hail deductibles -- I'd make out good if the house burnt down or a tornado destroyed it - but for a hail claim there wouldnt be much there.

@Michael Wetherby, even professional Flippers get it wrong sometimes, often then relying on their Lenders or their own deep pockets to keep them out of strife. 

If I was there person bringing the money in this case I would want some equity in the deal with the ability to oversee the person managing the job just in case things went wrong, but that may make your job harder then you would like it to be.Hope that helps...

But if something essential goes out, especially at the wrong time, then there may be no time for the home warranty company. 

Maybe they simply have the wrong address for the work order (lock change, etc) 123 W 123rd st vs 132 W 132nd st sort of thing.As for the stolen equipment, report it to the Police.

Some forums here said, yI can count the portion tenants occupy as my expense/income..I am gonna read up some more articles so apologies if I am making wrong statements here.

Of course there have been a few "wrong" times to buy in recent history but in the long run, the markets do continue to move in the upward directions.

The above person is wrong.

Wrong!!

Poor communication and wrong expectations What was the outcome of your partnership?