The first link is to the San Antonio Economic Development Foundation.

Is the market at a point that this makes economic sense. 

@John Woodrich, many colleges have real estate investing courses, usually in the department of Economics and Finance.

I suspect Vegas has close to the same economics. 

Is it in a growing area or is it in a successful town/area that also have good economic diversity, population growth?  

What are the major macro economic factors that attribute to your attraction to that submarket? 

Also, according to many 'experts' out there, we're near the peak of our current economic cycle and a recession is around the corner (12-24 months or so).

Whoever is telling you a depression is coming is not basing it on economic principals. 

Again, going back to basic economics, it’s the ability to purchase is low, making demand low, then prices fall.Jay, just out of curiosity, what would you consider a prudent amount of leverage to be?

It's an old home, in a more rural, economically depressed area.