But I think they'd be around $4,800 (conservative estimate).Seller is also claiming there are no common electricity at all- which is hard to believe, considering there's common gas, water and sewer. and most likely a common area electricity.

What was your purchase price, what is the estimated rehab cost, and what is the ARV?

As you become more familiar with neighborhood values and property conditions, estimating ARV becomes easier over time.

Given these concerns, you might consider asking the seller to either repair the issues or offer a credit to cover estimated repair costs.

San Antonio in 2025 isn't just another market—it's a chance to be part of a city on the cusp of a tech revolution.

Wait. let me try to paint a picture for you.If you were blindfolded in the middle of a city and randomly picked people BLINDLY, you would have FAR MORE chance of getting a motivated seller compared to targeted lists.WHY?!

We estimate that financing will be about 1% more than going a traditional route. 

Your 11 year estimate on how long it will take to recover my capital does not take into consideration an average 5% increase of rents per year.

I was estimating the ARV at 160-165k which I don’t know what it will be for sure but I’m a little worried it might be less which throws a wrench in things as well. 

Define who you want to serve, and then determine which market offers you the best chance to provide the housing they need.