New MF investor in Dallas looking in San Antonio!

[Adarsh Pradeep]

I've been looking to get into the multifamily game for a year now, after helping manage my parents' Northern Virginia SFH for a year now(they live in Dallas now too). After looking at quite a few SFH and Duplex properties in Plano/McKinney/Frisco area, I'm having a very tough time finding properties that cashflow with <20% down and factoring in NO appreciation(yes I'm being conservative lol).

Enter San Antonio! I have quite a few friends at work who live in SA, and I have also been reading local news about how SA is going through a similar boom that DFW and Austin have experienced. This is due to more tech offices moving in,etc.

I also noticed that buying a 2,3, or 4plex is considerably cheaper than Dallas even in the nicer areas(vetted by my SA local friends). And the best part is they seem to cash flow!! One of the areas I'm looking is next to a new shopping center, a new IKEA being built, great suburbs, and a nearby AFB(solid tenants, from my personal experience).

Anyone here with inputs on the SA multifamily market and its potential to cashflow at lower down payments? 

Dallas to me as a new investor in his mid-20s is simply too pricey at this point for a multi-family! Also, any real estate investing oriented realtors, I'd love to talk. I've tried reaching out to Somos Real Estate twice with zero follow up or interest, so I'd prefer not to work with them.