Am i doing the math right and how does this look?

Make sure the math behind everything makes sense first.

Or is it a matter of doing the math on how much PMI costs, and how long it'll take to even out the costs of FHA vs conventional and compare that to how long I plan to hold the property (Is this how you would evaluate deciding between the two?)

After I got 6, I did a little math, if each property is $200k, with 10 loans I can only control $2m asset – that’s not enough to me.

@Alexander JenkinsYes, and do your homework to confirm your projections.

Mike - no doubt the folks making over $400k worked for that money and I certainly don't advocate giving it all to the government, but just some quick math based on effective tax rates versus the marginal rate of 37% you mentioned.....if a couple is married filing jointly and they had $400k in w2 income and took the standard deduction, their effective federal tax rate would "only" be 22.5%, roughly $90k federal taxes on $400k in income.

I said 3br before I meant 4 sorry about that 10x180x4=7200minus vacancy (which can be higher than just 5%) so say 35% to be conservative = 2520=4680minus mortgage, tax, ins (about 2300)=2380 minus utilities =1500 (niaf)asking price are all around the same amount within 2-3 thousand .. looking at 500k, 20k down loan amount 480... even with my math there is still profit but i feel like that's a big purchase for a first timer... let me know guys 

Just trying to do our homework and be ready. 

@Sacoria Henderson Simple math. 6-3.6=2.4% difference.

I did a little of homework myself to do a ballpark check on how much rent could go for via Rentometer as well as a quick skim on CL for home rentals with the same # of bedrooms.