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.

I’ve been told to ignore the 1% rule, but I’m sticking with it because it makes zero sense  to me to buy something that a) won’t cash flow well and b) is 30 years old and requires conservative repair and capex estimates.

. :) I understood this going in and was very conservative with my analysis.

I'm pretty conservative with my approach I feel like, but am open-minded to learn from others experiences and just soak up as much as I can. 

Let’s say you can buy it for 90k (including closing costs) and a conservative ARV is 125k.

The great news is that I think it can be done with a capital investment of 400-500k that will within five years, bring in (conservatively) $150/door net income.

The 250-300k Was my ballpark estimate being conservative.

What I really like about this neighborhood is properties are cheaper but it’s still close enough to western you can pull the same quality/millennial tenants as properties just east of western that cost nearly twice as much. 2br 1ba 1st floor unit: $1300 – Keep as-is2br 1ba 2nd floor unit: $1550 (Will try $1600 first but to be conservative) – Keep as-is3br 2ba duplex unit: $2200 conservative depending how luxurious comps go up to $2500ish – RehabParking: $75x2 = $150 Total rents: $5200Purchase price: $530,000 with a $7500 closing credit + $20-25k for spiral stair case install and remodeling of attic = $542,500 at $5200 = .95% + added equity being a legal 3 with 3br 2ba now.

The numbers are accurate and conservative.

These are conservative numbers.