You will want to discuss what you owe for capital gains with your CPA (if not already) and then go from there.

Our company has flipped 5 homes in Northern Colorado over the past 5 years and I've gained a lot of XP through other people's risks. 

Subsequently we started a Reg D passive investment fund which allowed us to expand further and bring on a more direct structure to allow accredited investors to invest directly into the homes that we own and operate. 

Hi Michael,I like your thoughts of building a large portfolio because it's very important in sub $100,000 markets like Ohio.A large portfolio = A safe portfolio.Personally, I've always been a big believer in buying with cash.Less is more.Once you gain experience and understanding the true income vs expenses of your portfolio.Then look at using leverage for faster growth.It takes many years to learn a market along with establishing a solid understanding of it's "in's and out's" from a people/team perspective.As investors we should always reverse engineer and protect the bottom line first and foremost before looking toward expansion and growth.My "cash only" mentality has served me well over the years in my businesses and real estate endeavors.Especially when things turned South and they always eventually do.Start slow, start small, buy with cash and build from there.Just my opinion and wishing you much successps.

Are you trying to invest conservatively or make a riskier investment for higher gains?

Right now I am passively looking at properties, not yet ready to make any offers and polishing my deal evaluating skills.

It forces you to turn RE from an active investment to a passive investment.

As you gain experience and build equity, explore leveraging your existing properties to finance additional purchases.

Perhaps, it's a little late to enter the San Antonio market now to truly get decent gains.

Most RE options are not passive.