Since the stock market is so how unstable, I prefer to invest there conservatively.

In all other aspects of this deal I plan on taking the conservative route.

Dave Ramsey offers good solid advise for the average middle class slob who can’t control himself but his approach is so conservative in this day and age that you won’t make much for fear of risk and you will save till your dead using his methods . 

That is another $150 or so right there depending on how conservative you are with your numbers, but I believe the average vacancy rate is around 5% right now.

Usually you want to use conservative rent numbers for your unit, because your calculations dont pay the rent, tenants do... what would your numbers look like with 1250 in total rent...

(be more conservative with this number than bullish)Then I would look for a property that is in a distressed condition, but one that you are comfortable with (focus more on out dated vs needing full gut rehab).

If the actual amount is 3%, guess what, you made more cash that year.You would be wise to stay conservative when analyzing these deals.  

Steve the other big thing here and I am sure Shiloh knows this being its his day Job.IS SPOUSE  and no one flame me please but Women tend to be more nesters and conservative from what I have experienced..

You will be lucky to break even.I strongly recommend you stay conservative with all your analyzing until actual numbers can be verified.How did you arrive at your Offer price?  

The good thing is you have stayed conservative with your analysis.