Even a mere 2% market appreciation is a very conservation possibility.

This is the goal, but of course we have to be conservative! 

In my experience dealing with FHA appraisal, the appraisers tend to over their butt a lot more by going with a more conservative number.

Being conservative, renovating a multi-family property can become overwhelming since you have multiples of everything!

So if a person invests wisely/conservatively in real estate (under 65% loan to value, stays away from excessively expensive properties that tend to default more, invest in the areas) perhaps the number drops to 20 or so.One suggestion: there is a fund called BroadMark Capital that invests in 100+ loans.

For starters I need torin it conservatively.

Of course, it looks like there is no real cash flow, but just the amount that you can deduct from your own outgoings.So to summarize, even if your figures are right, you'd be out of pocket something like $465/m instead of $900/m that your other tenants are paying.But if your figures aren't conservative enough, you could be out of pocket as much as your renters.Do you have any figures regarding your purchase price vs comparable ARV's? 

That's a good start, but every number will change over time, so conservative is good.

Plus @Gerard Leeson  and @Brie Schmidt just confirmed some of the numbers Ryan used are on the high side so he needs to be more conservative. 

Should conservatively fetch $3,000+/month or more after cosmetic enhancements.