Vinyl will be the cheapest option and you won't need to paint it but you will need to replace it when the next big hail storm comes through.

@Alex Deacon I'm an OOS investor hailing from NYC. 

Hail damage and sky high property taxs in that state.. 

I would not do this in hurricane tornado viscious hail storm areas.but say Vegas sure..

Coverage: Fire, Hurricane, Tornado, Wind, Earthquake, Vandalism, Vermin, Lightning, smoke, hail, building collapse, Explosion, Leaking water, burglary.3.

@Aaron Gorum I don’t have anyone really on that side of the state, but if you used a RI agent to buy the house you might try asking her/him for recommendations and then talking to previous clients, BBB, the RI contractor registration board, etc. to check them out.There are a few members of RIREIG who hail from Newport/Portsmouth so if you don’t come up with anyone from here or your agent let me know (or maybe attend a meeting) and we can make some inquiries.Lastly, the Fall River / New Bedford area is actually pretty close, arguably closer than Providence for some contractors, so if you have to look around yourself you should consider potential contractors from the Fall River area too IMO.Just make sure anyone you hire is licensed and insured to do work in RI.

Mine are usually 0.4-0.8% of the purchase price for one year but insurance companies expect to pay for a new roof every 5-10 years from hail damage so I usually get my premiums back

If I were looking for a policy I would directly ask about those perils I've listed and you may come to the conclusion that a $800 policy is better than a $500 one because the $800 covers most perils while the $500 one covers maybe only fire, smoke, lightening, wind, and hail.

Its a 2/2.5 unit that has been easily rentable due to location near a military base for $850/month, but since 2009 the HOA has increased from $161/month to now $286/month, so profit has been slowly reducing on the property from that aspect, secondly since 2009 we have had multiple hail storms cauising major roof damage, which resulted in a few K in special HOA fees to cover the repair cost, thirdly a few months back one of the townhouses in the area had a major kitchen fire and due to the townhouses all being wood built, it spread and burned down all 50 units in the row of units before the fire was under control.

for real estate its been the same story.weather in Tornado ally  hail wind all those can cause issues and have been for all of recorded history... but folks adapt.Hurricanes same thing ..