Here's the number.4 bedroom, 2 bath, 1920 sqftComps give me a conservative 250k ARV, in the last 6 months, within a .50 mi radius.

Always be conservative with your numbers (lower income and higher expenses).

Also, cash out of pocket will be 6 months carrying cost (about 14K) on hard money not to mention closing costs on the first and second closings.  10K the first time, 6K the second time conservatively to make 193.SorryStephanie

While I'm not finding the amazing numbers that some might find in other areas, I run very conservative numbers prior to purchase and usually get a better return than I anticipate. 

If today house price is only 70% of year 2005 price, conservatively, to hit back year 2005 price, we have at least 30% / today 70% more room to grow. 30% / 70% is about 42% more room to grow.

Appraisal work definitely comes with the benefit of being very educated on real estate, financial statements, etc. but often in my experience leads to knowing too much, being too conservative, and holding yourself back.

For me, it is 15% to 16% and I always estimate conservatively. 

no absolutely not but at the same time I'm going to be cash flow positive based on conservative estimates and only have about ~10k into the deal.Here in NJ, the higher HOA fees are offset by the lower taxes on the condo. 

I've tried to be conservative on all the number to make sure I'm not fooling myself.

We started slamming everything we could spare into paying off our loans, we're pretty conservative investors, and by '93 we owned 12 paid off rentals and 1/2 interests in 4 others with family members.