However, your unfortunate ultra conservative approach may work, but it won't work for all.

Politically it is very diverse as well with some areas being very conservative like Bakersfield, Redding, Newport Beach, San Clemente, Yorba Linda even San Diego has a lot of conservatives with all the military bases there from what I understand, and other areas are obviously very liberal. 

Always be conservative and try to aim for the lower rents to do your analysis. 

I currently own a duplex in Philadelphia that is worth $285k conservatively.

Anyway, I've set aside one year of expense for that rental property to be conservative, but debating whether to take mortgage forbearance or deferral in a few months if it seems that there is no end in sight for the moratorium.

I do think it's prudent to be conservative, but their business is not one of relationships and advisory.

Ensure the STR’s projected income comfortably covers new debt, even with conservative occupancy rates, and maintain reserves for market changes or vacancies.

We back into the "strike price", meaning the maximum price we're willing to pay for a property, by starting with a conservative ARV and then backing off our required profit, the rehab cost, the time value of money (carrying costs and interest), and a contingency reserve for unexpected expenses.

I fear i may be a bit aggressive on my allocation (i fear i am more likely low than high, i like my underwriting to be conservative).  

I'm a very conservative investor and may look through a hundred deals a month, and at the end of the year only invest in 4-5.