I like to think of myself as more of an investor than an agent and I like to treat my clients the same way I run my own numbers (which is extremely conservative, I like to sleep at night).

Syndicators are "being conservative" and underwriting to 2-5% year 1 cash on cash returns.  

in the 7's conservatively 

If your rent exceeds 1% which seems to be the case here, 50% rule is conservative but it provides a quick estimate.  

Hi Craig,I'd recommend Bank of Hawaii - it is the largest bank on the islands, and have a long traditional of being a solid, conservative bank.  

Let's say you want to stay conservative and only take 50% LTV, or $500,000.00, so that you don't have to sell anything in case of a market correction and there's a margin call.Step 2:  Purchase a rental property, all-cash, with that $500,000. 

For multifamily acquisition, LP's are looking for a high teen IRR with conservative underwriting.

For property values, I am always conservative estimating 1% believing it will exceed that a little.

Our first two projects were conservative by choice and combined yielded in excess of mid six figure return. 

For example, our process on setting fees and splits is to underwrite conservatively for LPs to get 80-100% ROI on their money in 5 years.