Based on most of the work I do with HMLs/PMLs on behalf of my clients, 12% at 70% LTC seems a bit more conservative.

I would venture maybe $20k total, conservatively. 

We have been working to be extremely conservative with our estimates but with this being our first go at this, any additional expertise is greatly appreciated! 

Clearly there's a lot more ROI and work for a BRRRR.After finishing David Greene's BRRRR book and combing the forums, my impression is it'll come down to building the right team and doing our due diligence on finding and analyzing deals, estimated ARV, rehab costs, and rent /demand for an area with the most conservative estimates. 

My underwriting is a bit more conservative than yours (and yours is more conservative than most I see).  

As long as you run your numbers and your estimates are conservative, you'll do okay in the long run.

I haven’t gotten bids yet (build is too far away), but I’m hoping to keep it under $300K by subbing out the work myself.I’m not a huge Dave Ramsey fan, but I do lean toward being conservative and avoiding too much debt.

This couple will live in the top 3/2.5 unit & rent the bottom "apartment unit".Rent $2k/month as MTR conservatively.

Look for properties where you can add value with smart, targeted renovations rather than going overboard.Financing Strategy: Since you're aware of the leverage risks, keep your financing options flexible and conservative.

I imagine the argument would be, well if PadSplit disappears we need to base it off this less, more conservative number...