It looks seemless, modern, and beautiful for cheap.

Good, Fast, Cheap. 

It isn't cheap and we don't want cheap renters. 

I'm thinking we can sacrifice some space, to own a home in ridgway, and my initial thought was...well since the home is cheap, I can take out an extra 20k-30k and add onto this home so it's a 4bed with some more space for my family. 

Good service is not cheap.

I'm going to assume that when you say cheap it means less than $100K or even less than $50K.  

I'd want to extend my runway as long as possible with "cheap money".  

Hey @Mike FergusonFor estimating insurance rates, it differs greatly by region but any good realtor in your region should be able to give you a rough estimate based on price per $100k.The dirtiest roughest formula for just doing simple math (it's not going to change your numbers greatly unless you're buying dirt cheap properties) is the properties value divide by 1000 times 3.5 as a rough estimate.My recommendation would be to use rough estimates for analysis, and confirm when you are serious about a property with an expert like @Jason Bott who operates in many markets.

If you cheap out now, you will regret it later on down the line. 

Owning houses is not cheap.