Also something to note, I live in the North Fort Worth area and be aware that there is some school district drama brewing in Keller ISD that covers much of 76244 and 76248.

There will be renovation of the home that is $82,500 worth of renovation.

The $40 000 USD price tag was not worth what we were given. 

@Rami Refaeli I am on the Fort Worth side of the metroplex but the company I work for is based in North Dallas.

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

Brewerytown and East Passyunk could also be worth exploring.Big projects like Bellwether can boost neighborhoods, but they often take time to show results, so don’t count on them as a main factor.

If you're insuring a home to replacement cost, insurance companies don't care about appraisals or what the home is worth.  

If you think/know that the proeprty is going to appreciate like crazy over the next few years, then it's worth keeping.....

For a land cost of $150k, how would you think about how much the completed home would need to sell for to make that land cost worth it?

That home was in Milpitas CA.. probably worth about 1 mil today.. but I lived there 2 years sold it made over 50k and I was off to the races.. primary home equity as I look back 50 years of ownership and multiple homes has made me well over 2.5 million in tax free gains.