First time in contract

[Walmsley Gedeon]

First I would like to thank everyone on BP for giving me the courage to even try this. Ok so I wanted an opinion on a deal. Asking price: $170k Rehab: $65k estimated but I think it will be a lot less 4 family Irvington NJ 2-2-2-1 bedrooms. Rent 2bed $1000-1200 1bed $700-$1000 Buy and hold Section8 FHA 203k loan Estimated down payment $6k Estimated closing cost $6k Monthly estimated $1900-1950 Gas $200 Electric $75 Estimated cash monthly flow $1500-$2000 Let me know if I'm looking at this correctly. This is my first time around the block so I can use as much guidance as possible. Brand new heating system and brand new boiler system 2 years old. I think this is a major grab. What am I missing?