It's a guess, and you should be conservative. 

Lenders that don’t require an appraisal will perform a desktop appraisal but will typically have a very conservative view on the value of the property to protect the company’s investment.

This could improve your margins.Occupancy Rate: A 60% occupancy rate seems low for Jax Beach, but that is a reasonable conservative baseline. 

I am definitely conservative and plan to keep my job until the REI cash flow is proven for income.

This should incentivize them to conserve energy.

This could make the sale more appealing by solving a logistical challenge for the landlord.Things to Keep in MindUnderwrite Conservatively: Make sure you account for all costs, including property taxes, maintenance, and potential repairs.

Portfolio Payoff is very conservative and safe.

It should be about 60k profit, about a month and half, 2 months conservatively, on rehab.

I’m conservative by nature, and would never be comfortable overlooking this restriction.  

But balance is key—keeping some cash reserves for unexpected expenses is critical.Lastly, I’d recommend running detailed numbers to ensure the property cash flows well, even with conservative estimates.