Am I Crazy? The 1% Rule seems impossible in Dallas. Am I wrong??

[Sean Ray]

I look up deals all the time in Dallas and I have found properties that can cash flow but renting a home for 1% of the purchase price seems nuts. That would mean you buy a decent place for $100sqft and rent it for $1sqft. 

Where is that at? No I don't want to invest in other markets or buy homes that are in low income areas. I am doing this part time and don't want the head ache of a property that is on it's last leg.