-CRP and other programs. while many of these AG dept & related programs are probably in limbo currently as far as actual payouts, and often not going to work for 5acres, there are programs to look into where the government will lease your land in order to keep it wild/fallow, for habitat and conservation reasons. it won't be much per acre, but might cover taxes or make a deal pencil out otherwise, somehow.

I am hoping this number is extremely conservative given that our contractors, inspector, and realtor walked it as well. 

Try increasing to 2miles, then 5 miles and last 6 months to 12 months- I always take conservative calculation and leave a good margin of safety.

If we consider a conservative annual appreciation of 4%, that $150,000 home might be worth approximately $180,000 today.

They are inevitable expenses, and there's already so much room for error on projecting numbers, better to stay conservative.

From what I have read and heard, a conservative underwriter should project the exit cap rate at least 50 to 200 bps higher than the purchase cap rate.

A quick glance and they’ll see if you’re being conservative or aggressive and they will see the DSCR on the 2nd page which is what they’re going to underwrite too.

Just stay conservative on ARV and rehab budgets, and you’ll be off to a strong start.

. → $6.0M ARVPremium Luxury (based on 4 Dewey Ln & 597 Beavertail Rd): $7.1MSince 245 Seaside Dr is a prime location and waterfront lots in Jamestown have high demand, I conservatively estimate $1,500/sq. ft., leading to an ARV of:4,000 sq. ft. × $1,500/sq. ft. = $6.0M – $7.1MStep 3: Justification of ARV at $7.1MWaterfront Location: High demand for oceanfront properties in Jamestown.Luxury Market Trends: High-end buyers are paying $1,200 – $1,500 per sq. ft. for new construction.Comparable Sales Support: 4 Dewey Ln and 597 Beavertail Rd confirm the $1,500/sq. ft. estimate is realistic.Low Inventory: Waterfront lots in Jamestown are scarce, increasing property value.Your ARV analysis looks pretty solid based on the comps you’ve used.

For example, the wildlife under conservation protection like the Gopher Tortoise or others.