San Antonio Ideal Rent Range

[Sean Walcott]

I am a out of state investor that is considering investing in central Texas. My ideal would be to have rent be roughly $2,500 a month or $2,000 a month. This is attainable in California because the housing prices are so astronomical that people that can afford that $2k a month cab’t afford to purchase.

My question, with homes ranging from $200-300k am I likely to find a market for renters paying $2-3,000 a month in San Antonio, New Braunfels, or Austin?

Should I focus on funding property that rents for $1,000 a month instead?