Does the 50% rule apply in DFW markets (Save half for repairs/expenses, pay the bank from the other half, remaining cash is actual profit)?

Within the last two months I did what I thought was making my home “renter proof” got rid of carpet, added new appliances, repaired and painted walls, fixed up the landscaping for some visual appeal.

The unique layout allows one to view Row By Row.Sort of a  A 30,000 ft View of whats on the table for this neighborhood .It is a minimal look to simply demonstrate numbers  - Cash , Repairs, ARV and Rent returns if property is held. 

I won the bid at $75,235 and there wasnt much wrong with the house only a few minor repairs before it was move in ready.

If you can't see what repairs are needed, assume they are needed i.e. no picture of the furnace? 

All items are to be addressed prior to closing with follow up city inspection.The property needs about $60k in repairs or replacements of items such as driveway, windows, heating units, side walk etc based on inspections and estimates.

All items are to be addressed prior to closing with follow up city inspection.The property needs about $60k in repairs or replacements of items such as driveway, windows, heating units, side walk etc based on inspections and estimates.

We sent her the checklist of repairs we made after turn over activities. 

Does anyone know of a good fence repair company that services Humble, TX?

I like the standard 1% math using most of what is mentioned here with monthly PITI be 0.5% and let vacancy, repair, property manager be the other 0.5% (unless it’s a condo with a steep condo association fee).