Maybe I am being too conservative in some of my estimates or even forgetting something big.If anyone has any suggestions or things I should look at differently, I appreciate the input!

Conservatively underwritten low double digit CoC and high teens IRR is standard. 

Current regulation prevents new construction homes in the area from planting lawns in the front yard, and limit the total grass that can be planted in the rear as well as other regulations to conserve water.There is a limit to how many people can own a swimming pool in the middle of a desert.

So the Seller financing and OPM is a tool to accomplish that and make it work without bleeding cash until a re-fi.The ask is down IMO, buying at way under price per door avg for area and buying with relatively conservative plan to go from 7cap to 9cap in under a year.

But she’s uber cautious and conservative but I’m not.

I will get an inspection and have the contractor go through the property more thorough for estimates.Prior to my offer, I checked public records, visited the property twice, including once with a contractor, and was conservative with the numbers.

I suppose I could still pull out the rest of my money giving me an infinite CoC return but I had just assumed to leave about 40% equity in the property in an effort to be conservative.

Better to be conservative with your numbers than try to stretch them to make them work, ya know?

The closing cost was based on a refi cost I got but you’re right it is probably too low.I didn’t calculate the ARV yet...I decided to stay conservative and keep to the same as the purchase price.

He is pretty conservative and has encouraged me to stay away from some of the properties I've been interested in for various reasons.