dose the 70 percent role still exists ?

[Abraham Lowy]

my story begins for about 7 mounts ago when  i had 200 k to invest .                         i was looking for a fix and flip deal so i asked my broker for that, and he brought a deal, claiming that that's should be a good deal ,     i bought it , and now now we finally getting finish with the rehabbing , and it looks like we will end up putting in like 80k.      so when i started making the calculation i see that ill not make to much money out of it .                                    lets do the numbers ..   i bought it for 140k  i put in in rehabbing 80k , i then paid 5k for someone to manage the construction,    property tax, water and sewer is like 5k ,  so we are now  everything together at 90k.          now the selling price should be at around 260k , lets deduct 6 percent realter fees for selling it is another 15k so i should be left with 15k.       so of course that deal didn't meet the 70 percent role  but my broker claims that the role dose not exists any more in this market .          so i would like to ask what you guys thing about that,               am i right that the role still exists or is my broker right that the role dose not exists anymore  ?