Unless the property appreciates significantly beyond the average 2-3% which is a gamble something like this does not seem to be a great value.ThanksPesi

My personal home is near the airport on the border between Rochester and Stewartville banking on that long term trend / appreciation. 

Great neighborhood, bordered by a meandering creek and mature trees.

I am strictly buy and hold; anything I buy today has to be really appealing-not going to gamble on any dogs or overpriced queens at this stage of the market-and certainly not counting on any appreciation for the next while.

Are there any geo borders that you go by, such as East of the City, etc?   

You can call some insurance companies to get actual quotes at any time, so a few phones calls can tell you if he is over paying. you also don't want to go completely cash poor to buy a deal, that's a tough gamble.

Would like to connect with you and hear your experiences south of the border Cheers!

If you're open to driving over the border to NJ or NYC, I can make a few suggestions of groups in my area. 

The local advantage.I think Denver is more of a gamble, banking on appreciating.

Gambling is another term for it.