It’s actually 50% in Texas and you have to hold the property for 90 days. You can’t turn in a contract until you have owned the property for 90 days. I sold a house FHA last fall. I had it for a little over 90 days by the time it was sold. I bought it for 75K, sold it for 144K. I had about 25K in repairs, however they didnt care as long as the selling price was less than 150K….75K X 2..