I'm investing in San Antonio, Currently have a handful of single family houses that I use for MTR/STR.Pros of investing in San Antonio - High potential for appreciation.

Currently in the process of having one of the vacant units renovated with higher end finishes than were previously used.

Investors flock to them, so you have plenty of competition and I see super low rents.As with @Alecia Loveless advice, I would suggest buying resales. 

Incidentally, what I posted is how home loans work in most countries on the planet, the kiddy-glove 30YF is the exception globally, not the norm.For a new and inexperienced developer, banks don't currently have appetite, so model your numbers on a hard money loan at 12% to 15% (I do not offer these).

I’ll save you thirty grand on gurus ...Work hard and achieve your dreams Buy low and sell high Buy ugliest house in the best neighborhood Believe in yourself Take action

Low prices.

I currently have a solid base of liquid assets and am looking to diversify my investments.I own two fully paid-off single-family homes in Tampa and am currently considering buying a luxury condo in Hallandale Beach for $600K.

That's an imperfect measure, but we really need to get a sense for what you have to do in order to GET that $108k that it currently brings in.Not giving you the yes/no on if it's a good deal or not, just giving you some ways to think about it. 

Factor in how much principle they would have paid off the loan and subtract that from the current market value of the home. 

Close to CA, job growth, no state income tax and low property taxes.