Accurate market analysis and conservative estimates are key.Underestimating Rehab Costs:Rehab costs can quickly add up.

If you want to be conservative, stay around 50%-60% LTV, especially if your cost of debt is lower than your cap rate, as this will lever your ROE.

My conclusion then was this: if an investment pencils as cash flow breakeven or a small positive cash flow, using conservative underwriting assumptions, it would be worthwhile to buy despite the high interest rates.Real estate investing has three main sources of wealth building: cash flow, appreciation, and tax benefits.

And with more renovations, you will start to get better at ball parking things, but even then you will always uncover items, so make sure you are baking in enough profit, even after conservative renovation budgets to feel confident you won't lose money.

Ask realtors, run a cash flow analysis, and use conservative estimates for rent and expenses.Good luck!

(That's conservative.

As for your personal property, I'm conservative.

Could probably cut that down a little but I tend to underwrite conservatively. 

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.

Additionally, ARVs in these areas have a cloud of uncertainty so it will be prudent to be conservative in your analysis and have multiple exit strategies in place.If the home is located in an area with minimal impact from the storms, there has been a small uptick in pending sales the past two weeks compared to same period prior to the storms.