Run your numbers very conservatively on a lower-class property.

Still, it's easy enough to stay conservative and avoid any transactions that fall within uncertainty.https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-prohibited-transactions

Tenants are usually more conservative with the utilities when they have to pay. 

@Scott Fehrenkamp You say that like conservatives shouldn't be upset about it as well.

You could go higher, but at this stage in the market I am being a little more conservative on leverage. 

@Matt R.In my forecast for Las Vegas, i'm using conservative numbers...........that's the scary part.

At this point in the market cycle you want to be very conservative, not very aggressive.  

And follow up in another few months if it’s still there.I’m Not to experience flipper yet, but I’d suggest you keep ur final sale price conservative, if you got a market with new homes being built similar size to urs, that would make it harder to sell/compete with(assuming ur house old).Hope that helps

I would be as conservative with my numbers as possible, because I'd want this first property to be a learning experience.

I realize that everyone uses different numbers but I prefer to be more conservative in mine and here is how I've broken it down.