I am currently renting an apartment in the Dallas, TX area and for about the same price or a little more than I am spending now, I could get a 3 bedroom house.My credit score is about 730 and I am thinking I would put about 5% down on a home with a target price range of about $230,000.

I like the diversity of the market and the prices aren't astronomical.

Jake and Gino have a very handy post here 5) We look for industry diversity, job growth, population growth, rent growth without major vacancy growth, new construction (but not oversupply) and other factors.

We started searching through Zillow and other listing sites for deals in our price range, then we started calling real estate agents in those areas.

Is the range of 70-80% what I should try to find? 

I had to think about this for a minute and I’d have to say “it takes money to make money” has always rang in my head with investing or starting a new business and I think it still holds true today, even with all the knowledge and experience and networking.

I'd say the majority of flippers though try to stay more in the 300-600k range.

If you are going super high end, you are likely talking viking range anyways, and then the additional plumbing cost is a drop in the bucket anyways, but for a normal average home, I put a better version of whatever is there.

Private lenders could be in the 6 - 8 range. 2.

I'm seeing a few duplexes right now all west of the 5, slightly below and above the 1M range Cheers,