Anytime you have hyper price appreciation, there is a risk of not appraising at the current market value doe the the fact that appraisals use historic comps which may not keep up with current prices.

But if your expenses are driven by true estimates, historical trends that align with current conditions, and actual numbers based on your insurance quotes and real estate taxes due based on your purchase price, than I would venture that 58% is pretty accurate.If you are making a lot of assumptions vastly in excess of historical expenses or building an "extra large" buffer of reserves, then maybe you are being overly conservative.  

@Shannon Kearns hopefully you find out cut & paste info below educational:Beginning investors need to STOP believing all the fluff about rental investing, especially with the overheated real estate market trending to historic norms.

In terms of the occupancy, September and October are the lowest season in this area historically.

Here are some of the key reasons why:Appreciation: Real estate has historically appreciated in value over time, which means that the property you invest in could increase in value and provide a substantial return on investment over the long term.Cash flow: Real estate can also provide a steady stream of passive income through rental payments, which can be used to cover your mortgage, taxes, and other expenses associated with owning the property.Tax benefits: Real estate investors can also take advantage of a variety of tax benefits, including deductions for mortgage interest, property taxes, and depreciation.Diversification: Real estate can be a valuable addition to a well-diversified investment portfolio, providing a hedge against inflation and other economic risks.Control: Real estate investors have a high degree of control over their investments, from selecting the property to managing it and making improvements that can increase its value.Of course, real estate investing also carries risks and requires careful planning and management.

It is my belief that historically a very large percentage will be successful. 

For example, a specific property you wanted to know about any historical code violations or permits.

Really seems like a historic NO stay.Modeled photography - A few people here mentioned the space seems small or there isn't enough of a focus on the experience.

This is a vacant lot in the beautiful and historical Driving Park area of Columbus, OH.

Once I understood this, I turned to studying Las Vegas historical tenant behaviors.I tried different approaches for isolating a segment with the right characteristics, all of which failed.