Quick maths $158k / 2 = $79,000, I'm going to overshoot and go for a 7% cap rate assuming it's in Tulsa area (I know 45 mins away) where you are from and I get a value of $1,128,571.43.

Did some quick math. 

The math does the work for you.

@Stone Jin - I will be ready to go on a down payment soon, getting qualified was my biggest concern going forward, speaking to a lender definitely will get me a more full picture.I watched one podcast that suggested aiming for 5 units in a year, and I wasn't seeing how the math for an average person works out, unless they are talking about properties for $30-$50k or so.

I have found a condo in my area that is a perfect flip but my math says I need to get it for $65,000 max and the property is listed at $115,000 and the ARV is $128,880.

Maybe my math is poor.

That is also why math and science majors have to take philosophy or sociology or art classes, and why the poor art major has to take science and math classes.  

Learning & practicing the math is critical for finding a profitable deal.

I'm doing some math on a couple houses and I figured I'll reach my max DTI after two houses with a typical local bank and their conventional loan products. 

I am interested in this sphere and would like to learn the terminology, how to do the math and all basics of RE.