Are you already going through the purchasing process or is this just doing your homework?

I am a bit too good at math and a bit too honest for the trade.

If the math works today, it will always work. 

On 10% down, the principle, interest, taxes, property insurance, and mortgage insurance usually totals to around 1500 per month.So according to my math, I estimate that I need 500 more per month to cover maintenance, vacancy, eviction, water, garbage, umbrella insurance, etc.?

Rates are low now so I'd try to lock in those rates ASAP.While personal residences often do not make good rent properties, it sounds like the math works in you case. 

Hello everyone,After many months of preparation, following many forums here and countless YouTube videos, I’m ready to take my first step into Wholesaling Real Estate.I’ve done homework on the NJ real estate (via websites) and I’ve found potential listings with great comps in the same neighborhood.My questions are:1.

The tax would be about $23,000 which would include federal and Michigan.I’m brutal at math.  

Funny math you have.I would get some real numbers first.

this is bad math and completely unrealistic . 3k closing is delusional and so is 5% down without a fha I’m not saying your dealSucks but your numbers are grossly optimistic .

An architect is best left to refine the research and the minute details of the zoning code, after you as the developer have found the site, identified the zoning, done the math to determine that the zoning density, site area, and unit count that work for your type of development project.