With the 25% I charge I'm not expecting you to lift a finger, just collect a check. 

I think you'll be hard pressed to get an ARV of $140k IMO...I'd expect something around $115k or lower.

And what discount should I expect?

My contractor and I were expecting a $15,000 cosmetic repair and ended up with a $75,000 total renovation.

You may run into issues with re-tenanting and it may take longer than you expect or cost more.  

Considering most homes will not cash flow with 20% or less down, plan on 20% and most likely 25% down required - depending on the cash flow expectations. 

Once repositioned the expected CF could be approximately $30K/month, less the debt owed for getting into the deal.

I have been to the DFW area a few times but not specifically to these northern suburbs, but I know that DFW is one of the fastest growing metro areas in the country with a robust economy, and I expect it to keep growing.

Even with having made improvements, anyone selling now who purchased in 2022 should be expecting a loss.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?