Advice for purchasing a rental property in San Antonio

[Karissa Martin]

Hello, I am resident of San Antonio, I own my home and I am looking to invest in SFH rental properties. It seems like with the current market it will be difficult to obtain more than $150 a month in cash flow. Purchasing a rental with 20-25% down and financing over 30 years. I was hoping to find a way to invest for a better cash flow- or should I hope for appreciation and rising rental rates? I feel like our market might take a downturn at some point? The local market seems flush with rentals too. I have owned rental homes before with mixed results- my regret is not sticking it out and I plan to stick with it going forward. I do not want to be a long distance landlord- so I wish to invest in an area within a 20 mile radius from San Antonio. Any advice, experiences shared would be appreciated.

[Manaia Alalamua]

@Karissa Martin

I agree with @Joseph Cacciapaglia, the market has evolved in such a fashion that it's getting harder to hit bigger cash flow. Unless, you take-on bigger renovation, then there may be something there - although, bigger renovation means bigger risks. 

I'm bullish on San Antonio still; however, I play in the bigger renovation deals and willing to take on bigger risks b/c of my construction background. If you decide to go the wholesale route, like NWA, then learn the ins-and-outs of their system. Many times, you won't have the time to look deeper into the mechanical systems and seeing the inherent risks involved, so there are risks there as well. Good luck!