Prices have gone through the roof in Ludlow in the last year to the point where most of my analysis only breaks even if I am being conservative.

For example, I'd want to know how conservative or aggressive you were on key assumptions such as vacancy.My biggest question in this is where is the 25.1% return coming from? 

Vacancy: I know it is prudent to be conservative with vacancy, but I have confirmed with the tenant he wants sign a lease for a minimum of 2 years and potentially up to 5 years.

In my market, refi appraisals are conservative and use the lower range of the comps.  

Conservative ARV is $350,000 and when interest rates decrease, it could be worth North of $400,000.

AHh, I misread it, they are just being overly conservative which many title companies are.

I have allocated $250,000 in savings specifically for investments, aiming for a conservative down payment of 3.5% to 5%, depending on the deal and financing terms.I am planning a visit to Florida in June to scout properties and gain a deeper understanding of Tampa's neighborhoods, including the greater tampa area.

It is much easier to talk about being conservative when the sponsor implies that they are CHOOSING to keep millions in reserves or buy a low interest rate cap.  

I am a rather conservative investor.

Based on conservative estimates, I anticipate the property will be worth double what I offered and will net at least 2x current net.