I focus on finding deals that meet specific criteria, and I always keep my underwriting conservative to make sure the numbers work even on a worst case scenario.Right now, my big goal is to land my first property, ideally 20+ units in Florida, and build a strong portfolio from there.

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! 

The Oklahoma market is a great market, we are a very conservative state when it comes to Real Estate.

I would venture maybe $20k total, conservatively. 

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

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

Home Appreciation: You’ve estimated a 2% annual appreciation rate, which I feel is quite conservative.

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

I have gotten a seller's credit for my 3 existing units but to be conservative, I will assume I am paying full closing costs here.At the moment, I have ~$25k in a HYSA and expect to save another $10k from my W-2 before I start putting offers in.

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.