In the Dallas market - one of the lowest-priced house markets in the U.S. from what I understand - that would translate to buying a home for less than half of what the homes around it cost.

This translates to roughly $1,500 per year per unit.

Even if you get a foreman at 30/hr, that will translate to 30 + 65% (30) =  49.50/hr, count overhead and profit, I'll be short, lol.

You need to find out what the status is: did this guy buy a "certificate", and if so what needs to Ben ones on get actual clear title.When an investr type guy says "don't have time for it" usually translates to "there's no money to be made".

Does this translate to huge appreciation?  

However, if I get rents back up to market rates, that would translate to an 8.92% cap rate.

Better tenants often translate directly into improved cash flow.Economies of scale: Once you hit your BRRRR stride, you can achieve something called economies of scale, where owning and operating multiple rental properties at once can help you lower your costs overall by lowering your average cost per property and spreading out your risk.BRRRR Strategy ConsThe following list helps to shed some light on potential risks associated with the BRRRR strategy.

So by doing that I read, listen to podcasts and do some online research which translates to not taking any action on submitting a deal. 

I have heard so many different perspectives on how to save for reserves my head is spinning, so if you don't mind qualifying your strategy I would really appreciate it.My plan was to do my own maintenance as I've been subcontracting for a friend that past four years and have a ton of valuable experience helping him do odd jobs that translate well to rentals, so I am not sure how much I would need to save for maintenance in that scenario. 

Our 2 parties have privately agreed to the terms and conditions (and addressed all the possible scenarios as far as we can think of), but we need to get the document "translated" into legalese.