This will fluctuate and these estimates are conservative IMO

I am just trying to be conservative with my estimate of the state of the homes and cost to fix it, and preparing for the worst.

Replacement Reserves: What's the average cost per unit, and what conservative figure should be used in financial planning?

My numbers are conservatively based on 3 STR's I already own in this market.

You must be super conservative with your numbers.

I view this as being a conservative goal.  

I have a healthy appetite for risk, but I calculate risk into every target I have at the auctions and its my conclusion that I'm more conservative than most investors.

Commercial real estate investing is largely a matter of analysis regarding financial data, conservative projections based on that data, and market/feasibility.  

We have made numerous offers following conservative guidelines (BP calculators, 1%, 70% rules, etc) and have not had our offers taken seriously.

I often hire the contractor that are reliable but bids in the middle of the spread, and I often have leases that probably have room for adjustments, but if my deals works for my own metrics at conservative metrics, I will do it.And slowly the market rose, and then very very steeply we entered a seller's market.