If you are looking for rental income, you may have better luck finding cashflowing properties on the westside of town (Fort Worth, Arlington) due to the higher price/rent ratio.

Are you estimating that building will be more profitable with the higher material prices and the added challenges of getting a certain type of financing together with the time constraints to minimize holding costs? 

There are many banks that also have their junk fees, higher spreads, which results in a costlier loan.  

Ideally completing light renovations like this shouldn't take long and you should  have a low holding cost on the hard money loan (if you used debt) and make a higher profit on the sale or have more flexibility on the payoff when you refinance  Plan on long-term and hold.

If you’re concerned about the cash income, you could consider additional safeguards, like a higher security deposit or using a guarantor.

If the EMD is higher than you typically use, you could always use a transactional funder like myself.

A DSCR Loan will carry a much higher rate than 4.8% and will most likely need a greater down payment. 

Listings with higher engagement and satisfaction may be prioritized in search rankings.

Otherwise, weigh your options with estimated vacancy and remodeling time, but how you may be able to mitigate losses longer-term with the higher rents you'll presumably be able to collect with new tenants. 

Having the cash means you can balance a higher amount down to make sure you earn the cash flow you want monthly, but also leave some around for more.