Quote from @Brett Jurgens: @Jay HurstThanks for responding3.75%, 30yr fixedLike others have said, with that interest rate your best bet is probably to do a home equity line of credit (HELOC) to put towards an investment that you can quickly recoup your initial investment on.

The Phila.gov website says this is needed to get your wholesaler license:InsuranceYou must provide a Certificate of Insurance that includes the minimum amount:General Liability Insurance: $1,000,000 per occurrence

The mistake you are making is it looks like you think you can use the number on the HUD website as your rent amount. 

Ive seen what you do and I bet you guys are just over thinking this. 

Directed marketing to pre-foreclosures, a website with seo, networking, driving for $$, go to some local meetings.

When one starts, the bet is on appreciation and long-term growth. - Staying in real estate for the long-run, for me at least, IS ALL ABOUT the cash flow.

I am betting for the appreciation of the house in the next years because I don't think I can cash flow in the first years.  

Call the number on my website which you can find my googling FarFar Contractors in Cape Coral.  

I can accurately estimate utility costs as most util companies have estimated usages and amounts on their websites, but costs like maintenance, CapEx, make ready, etc., are much harder to estimate.

Your best bet are still the Townships - they have the best schools in the county with the least restrictions.