San Antonio investor

[Billy Ip]

Hey guys my name is Billy Ip reside In san antonio. I am a new investor. Recently I just purchase couple lots of raw land. I am planning to get into rental either a duplex or 4 plex end of the year with minor works. Plan is get is 70-80 percents of actual market value with consistent 5 increase of appreciation per year. My budget is 100k with 20 percents down. And hopefully I can get at least 1.5 percents - 2 hopefully. It doesn’t have to be in San Antonio as well. My plan is to hold for a year then refi for 80 -85 percents value and hope of getting my initial investment back after first year and purchase another property and so on. Any suggestion for a newbie myself.