If you come across a better opportunity here in AZ where if you can take your 1M and turn it in to 1.2-1.3M ( maybe a value add deal) sell the house, take the equity and use it to get a bigger return.

Well, a large number of our members are rental home/apartment investors but there's plenty of other RE opportunities out there. 

If the figure of $1200 is being floated on the listing it’s highly possible the current owner is locked in and grandfathered at this price and even if you get a policy with the same insurance company your policy will be significantly more expensive.

Purchase price: $375,000 Cash invested: $60,000 Sale price: $525,000 This home was build in the 1980's.

Purchase price: $210,000 Cash invested: $35,000 Triplex 3- 1bed 1 bathCompletely RenovatedShared Utilities What made you interested in investing in this type of deal?

This is an awesome post man and rehab looks great for the price!

It seems like a major missed opportunity.

Have you considered selling and capitalizing on another opportunity.

Purchase price: $450,000 Cash invested: $650,000 Sale price: $1,600,000 New construction of single family

I'm a real estate investor in other parts of the country but not NY due to the extremely high buy in price.