No it doesn't make those choices correct when gambling.

Exactly right,Appreciation=Gambling  To be honest no one has a crystal ball and knows exactly what the market is going to do in the future.

Its super walkable, safe, architecturallly beautiful, there's great food, constant source of tenants due to the universities...I am not familiar enough with the other neighborhoods of Providence to take a gamble there yet, but am interested in studying Cranston.

Our agent is saying that there is pretty much no data to estimate what the appraisal will come in at, so it is completely gambling without this contingency in.

I see that they have resurveyed the property line bordering mine within the last couple mos. and saw that it agreed with the other one they had done.

It is on 1-acre lot and I am fortunate the house is located closer to the border line, which I figured would create more clearance on the other side to create a lot.

This also poses risk for short-term mortgages or ARMs.If you're going to hold rentals, my suggestion would be to set a longer-term time horizon unless you feel like gambling...

This house is in far south Grandview near Cass County border (near 150/71 hwy) and is my fourth house in this particular area.  

I like to INVEST in real estate, not GAMBLE.....

Living on the border between two towns (well...close enough to the Georgia border!)