Peace and Love y’all! 

Peace ✌🏻 Traditional turnkey refers to someone else doing a BRRR (R) for you - except the refinance: that's you buying it.

I have not received an increase in salary in the last 7 years.Clearly that made me find ways to make passive income to have more security and peace of mind.

Peace of mind will comes from dealing with right deal and right people and right area, and not from high CoC returns. 20% CoC is not worth the headache it brings if deal or tenant or area turns out to be bad. 

Can’t wait for the day to walk in and say peace out!

I've found some good deals on FB and CL, but would rather have peace of mind. 

I too have considered canceling the policy but I view it like any other insurance, you're paying for peace of mind.

@Brent Coombs - yes, we could have waited 6 months and pulled out our rehab costs as well, but there were a couple of reasons we chose not to: this is the first house that we used private funds to purchase and rehab, and as these were funds from individuals we had personal relationships with, I wanted to pay them back as quickly as possible (for my own peace of mind).

I just read that article on Appreciation and it definitely gives a peace-of-mind in terms of what to expect given the recent migrations to Bellevue.Thanks for offering your advice and an open line to DM you — I may have some other questions for you down the road!

Of course, you would beed to assess your cash flow situation to determine if all of the extra fees are worth the peace of mind of full liability protection.