My brother and I were looking at the San Antonio TX area for our first rental purchase but do have concerns about the pandemic especially with the current news about the COVID spike in TX. 

That being said, I could see banks being less friendly moving forward as interest rates have spiked so quickly.

So, in conclusion, the home value spike of 2005-2008 was due to easy to get loans.

Most LLs do not want to go through the trouble of legal evictions, so for something to get that far means the tenant dug his/her heels in and refused to come to some solution outside of court.

When the landlord I paying for the water nobody cares about usage My brother had a $3,000 spike on the water bill for one of his properties last year and the only thing the plumber could figure out is that someone had to have left their sink run for days. 

Keep in mind inventory is also down so its not like the sales are up because of a high inventory spike.

Naturally, lakefront and Lakeview experience a much higher spike in Summer.

I would probably walk on this deal and definitely would not pay more than $100 - $110K without a guaranteed short term exit and a certainty it would rent for $900 - $1100/mth.As for your financing plan, you can do better than 2.79% ... we renewed a couple of properties earlier in the year on a 5-yr term variable notes for 2.4/2.5% - these products can be converted to a fixed rate at any point in time if there was a real threat of a spike in rates.

@J Scott, March 2012 bottom retraced back to August 1996 prices before spiking back up.

We do not generally have the huge dips and spikes of other markets so it is more steady.