One potential way to get super conservative is to take the least valuable income stream and multiply the NOI by comps for that income stream.

I know that location is a big factor in how conservative one can be.

Run conservative numbers when figuring out how much you'll be able to get from selling your property when deciding to venture into this to make sure everything makes sense.

Be conservative in your rent projections and overestimate the repairs.I am not sure what the age of this property is, but I have found with older properties (mixed-use and apartment complexes), there are several variables that are typically not an issue with newer properties.

My fiancé and I are open to investing out of state and are actually in a trip in Texas to check out real estate see how we like the idea of staring a family here.Our Starting Point (Conservatively)- Located in Camarillo, CA- 120k portfolio in the stock market subject to short term capital gains with a potential tax bill of 15-20k- Current W2 monthly income after taxes: $7k- Side hustle 1 income: $200 month     ($200 in profit)- Side hustle 2 income: $1400 revenue     ($0 profit) - debt at 29k- Current debt: $47k     (Auto: $29k Student Debt: $18k)*the auto loan doesn’t show on our credit for some reasonHow would move forward in our situation?

If done conservatively you will still have cash flow from the original property and will then be earning cash flow and appreciation on a second investment as well.

There are relatively new conventional loan programs that  allow as little as 5% down payment  on the purchase of an owner occupied  1-4 unit property so hopefully this helps conserve  your capital 

Let's dig into some of the other numbers as well to ensure you have an underwrite that is conservative so that you have "all your bases covered" in terms of risk. 

The numbers don't lie when you make conservative guesses.I have a couple spreadsheets I use to do quick evaluations of BRRRRs, STRs, and DADU/AADU development.

I think either will be more successful than the attorney's .I am sure all the conservative, skinny jeans BP members will have fun with this Post!