With regard to how much the bank will allow you to cash out, that's another story. 

Property is cash flowing some although it was zero down payment with 100% financed as a commercial bank loan.It is good to be part of Bigger pockets for advice, just look for others view points and help you grow as an investor.

It's amazing how less stress you have in life when there's a little cash in the bank. 

My main guy served 15 years in Federal prison for bank robbery.

The buyer is using A local bank that does their own closing.

But, I also don't know how closely the bank follows who claims what.

He then mentions that the 2 contractors made offers WITHOUT the inspection contingency (apparently, this would make a difference for the bank, specially if we come in with the same offer amount).

He then mentions that the 2 contractors made offers WITHOUT the inspection contingency (apparently, this would make a difference for the bank, specially if we come in with the same offer amount).

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)?

It’s what the banks use to determine real value.The Realtor has a place on the real estate team.