I am a firm believer in confronting issues head on.

Guess which way Taxes are headed in the future!!

We for instance, use a number of title companies (run by licensed attorneys) that have their own standard wholesaling contracts that have the appropriate disclosures and close them regularly. 

I fear that since I want to have my first deal so bad, I will force my "promising" deals to match my financial objectives, what would you recommend to keep my head focused and not let my emotions rule the analysis of my deals?

For instance, you may be able to build 35 units per acre, but does that take into account parking requirements, water retention, market demand (the community may not want condominiums or townhomes), how much will it cost to build all of the municipal requirements and at what price will it sell. 

Again just my opinion You hit the nail on the head with inventory.

Not to even mention the head ache factor of dealing with less desirable markets which to me are a lot of cash flow markets 

Am I over my head?

My advice to you is that the real estate market is headed into a major correction soon.

Thanks for the heads up @Sarah Kozlik.