The building has already been updated.Am I being too conservative on these?

@Bill F.Current Vacancy on the unit is 5.8%, it was also at 5.8% vacancy a year agoCompetitor vacancy rate at 4.4%Submarket vacancy rate at 7.8%I still assumed a conservative 8% vacancy in my analysis@Charles Kennedy It is a C class complex, so I wouldnt be surprised if it sits at 50% expenses. 

Would help you be conservative.

Seems the 'tried and true' stuff isn't performing as well as we'd hoped using fairly conservative estimates.Best of luck, sounds like you have an awesome start.

For me, as an old guy my interests have become far more conservative, and return focused; but I still want it to be fun!

Given the area I want to be conservative so I chose 10% over 5% for that expense.

However, your expenses are not what I would consider conservative.  

With that much cash flow though I imagine you'd still be in great shape even if you used more conservative estimates on the expenses/reserves.Also, make sure $1,200.00 is the actual market rent for the property.Good luck!

I plugged in 5% to be conservative, but it can be changed to anything.

I'm shooting for a conservative 7% cash on cash ROI.