Generally most private money lenders are going to play a lot more conservative but be able to close faster/make a faster decision on lower risk deals. 

I recently renovated my childhood home while being my mom's conservator during her illness and I fell in love with the process.

Conservative debt is a tool to generate higher returns and build wealth.  

I was told by my lender that these costs should come down more as some of the title fees are conservative estimates at this point.

I'm taking a more conservative approach for now as I'm inexperienced and need to be prepared for any unexpected costs, Thank you Nathan:).

I just would like to be conservative because I don’t want to end up in a situation where we are losing money instead of making it. 

The house would be considered a capital asset, so to be conservative, I would estimate 20% of the gain for tax, plus an additional 3.8% for the net investment income tax if your total adjusted gross income (worldwide) is over 250k.

Lenders have been more conservative than when rates were lower but worth exploring for sure. 

However, be conservative on that. 

I happen to be more conservative and fearful about lawsuits down the road.