@Julie Toh Maybe the reason for the confusion in the poster’s mind....in the US, you can eliminate PMI automatically on a conventional after the equity exceeds 20%, when other conditions are met, without having to refinance.

We BRRR'd this property and we'll get a really good profit out of it with the current market conditions.  

However, I can't help but wonder... assuming that the property condition qualifies for the FHA in teh first place, what does it look like if a unit of the property is undergoing major renovations that require the owner to live elsewhere until the repairs are finished? 

A note from the investor on Gordon - "knows the soil around each part of town and most respected engineer around"Do you have a GC you use who is skilled at getting properties into rent ready condition?

Although I know from hindsight keeping those funds in a brokerage account would've had a better yield, it wasn't worth the potential risk of the current market conditions.

@Adrienne BinderSo much depends on YOU.Age, adverse market conditions tolerance (have you seen the rehab costs swing in the last 7 months), risk tolerance, other financial situation etc.What if you put all of it in and paid cash for fewer properties?

As I'm sure many of us experience, I come across numerous seller's who would like to sell, but their house is in good condition and want market value. 

The question I'm getting at is risk, and the relative security of your investment in unforseen economic conditions. 

Lucie4) Nashville5) Raleigh, N.C.6) North Point-Sarasota-Bradenton7) West Palm Beach-Boca Raton-Delray Beach8) Punta Gorda9) Spokane-Spokane Valley, Wash.10) Olympia-Tumwater, Wash.Florida boasts five of the top 10 markets with the strongest commercial markets – a ranking that includes the apartment, office, industrial, retail and hotel sectors – according to the National Association of Realtors® (NAR) Commercial Market Conditions Index rankings for the second quarter of 2021.To find out more, check out this article from the FL Realtors 

Rentals in similar condition in the area are getting as high as $1350/mo!