I have not had issue with self sufficiency though as can use high projected rents that newly rehabbed units are going for.NOTE: Experienced realtors who have other options for buyers will advise their client NOT to accept your offer when FHA 203K vs a similar priced Conventional offer as the 203K has a significantly higher chance of not closing due to budget too high, etc. so you may have to offer stronger then normal to get these 203K offers accepted, especially in this market. 

My rehab budget is $50-60K. 

You will have a different capex number for 5 individual houses vs 1 building. 5 roofs will cost more than 1 big roof.You also need to do repair budget to see how much to save each month for that.

So does this have a homeowners exemption.Have you run a capex and repair budget.

IE do you have capital to pay for your advertising and other media buys  etc.those I know that do well at wholesaling have budgets from 5k  a month for this to 50k a month or more.. its a very capital intensive business if you want it to be a money maker.Or you can just drive for dollars etc and see what you can find..  

You learn how to read appraisals, title docs, insurance, budgets and construction drawings, etc.

You just want someone to give you budget numbers?

just want to get a general estimate to start budgeting.

Or get an economical car and a side hustle like Door Dash in the evenings instead of watching TV.Check out "Set For Life" to get some great ideas on side hustles, budgeting, and saving up for an investment.

I would be happy to work through some scenarios with you over the phone to see if we could find something that worked for your budget and goals.