*Current numbers*Gross income: $1,380/month or $16,560/yearTaxes: $67/month or $800/year Management: I will be doing this myself with my team, but I am thinking around $250/month or $3,000/yearMaintenance/Capital Expenditures: $250/month or $3,000/yearVacancy: I'm thinking very low since the trailers are not park-owned, but I figure 5% is fairly conservative. $69/month or $828/yearNet Income: $744/month or $8,932/year.The asking price is $75,000 and the seller indicated it was negotiable. 

But you need to know that I prefer SFHs, I buy with 30 yr mortgages, I'm conservative in calculating my expenses and I aim for properties between 70-100K in B-ish neighborhoods.  

Conservatively, the realtor and I guess ARV to be 160,000, but I honestly believe it's probably more.

He wants to stay overly conservative on the first few deals.

While I believe wholeheartedly in being fiscally conservative, if you always are sacrificing for the future that never arrives, that isn't much of a life. 

How do you communicate with your spouse the benefits of investing in rental properties when they are as conservative with money as it comes; like let's sit on $50k cash conservative?

Stay away from SFHs if you are conservative.

Many investors have different views on these things, but my thought is to be as conservative as possible and then be pleasantly surprised when my properties beat my expectations.

I'm conservative by nature and like low debt and low risk, but also realize this can limit you from scaling up.

I have heard that it can take a while to get going in real estate and had planned my finances conservatively for that.