I am planning on applying for the first time this cycle with a 4.0/512 as an ORM Asian. My FL average was a 518 so I feel like I could score a bit better with some extra prep. Would it be too risky if I apply to only 5 schools (UTSW, BCM, McGovern, Long, Dell) assuming that I won't get in this cycle and prepare for a reapplication. I am planning on retaking my MCAT in Jan/March as I am interning full time during the summer and fall. I have pretty strong EC's (400 clinical hours, 2000 research with 2 first author pubs, 200 nonclinical, lots of leadership, strong rec letters, double major with strong health policy interests and activities backing it).
I am okay with taking a gap year if that means I would have a better chance of getting into my top choices I am applying to now, but ideally I would like to go straight from undergrad if I can get into one of them with my current application which is why I want to apply. If I didn't get in this cycle, I will apply broadly to all TX schools and OOS next year regardless of how my MCAT retake turns out.
My questions are:
1. How bad does being a reapplicant look like in Texas if I did not apply everywhere the first time around in the event that my MCAT didn't improve by much?
2. Do I even have a shot this cycle at the schools I am listing and is it even worth applying to them now with my current stats?