TheOregon Department of Land Conservation and Development(DLCD) is issuing this guidance and model code language to helplocal governments comply with the legislation.

I would definitely always do your numbers conservatively though when analyzing the deal because this is not guaranteed and can be very risky if you rely on the higher number!

With stocks, you might see 7-10% growth over time, BUT the risks are higher even with an index fund such that if you NEED to use the money for income you end up needing to diversify into more conservative options.

As mentioned above your cost estimates are very, very conservative.2018, we finished a 1950's era 1300 sqft Cape.

Are you running conservative numbers? 

I am currently researching and putting together some assumptions and trying to keep it on the conservative side and not base it on some of the inflated numbers that are published.

But, there are some very experienced folks on here so make sure that you are doing your due diligence when reading through these responses.It sounds like your game plan is a conservative one - pay off the primary residence, get a job, and buy a couple of rentals.

And you need to be very conservative in your underwriting and assumptions for your first deal.

Knowing that this will be an investment property in the future make sure you run your numbers conservatively and include the PMI for the FHA. 

This is the most conservative approach and you can also but with low down payment and not have to use up all or most of your cash saved up.