Most conservative folks feel comfortable after a year.  

Thanks @Matthew Olszak, a conservative increase in rent would be maybe $125-$175 for the added bedroom.  

The rent ready cost was around $7,000 and now have it listed for rent at a very conservative $800 a month.

Put together an offer based on conservative projected Income + rehab + ROI (12%?). 

You can budget around 4% of the sale price to cover these.This is a conservative formula.

Also we're trying to stay conservative so that we don't end up using credit cards if at all possible.CapEx - This is indefinite up to the value of the home.

Break even (using conservative underwriting) day one and growing at 4% or better each and every year after that along with prices increasing 5% or better (on average) after that.

If you're ARV is $110k, assuming that's being conservative then you can possibly get a lot more if your house comes together real nice within budget.

My aim is to be very conservative in my approach on the numbers, especially going into my first deal when it comes.

Realistic monthly income $2200CoC: 9,1 %   Monthly Cash flow after conservative estimates for all expenses are considered: $424The ConC is less than the 10% we've been looking for and we have been seeking over $500 in cash flow but there seems to be a good opportunity for equity here.