I'm looking into buying my first apartment in my hometown of San Antonio. 

Looking around on zillow in my city of san antonio and i find a house thats being foreclosed for 160k, everything looks to be in good condition.... a few blocks away i find a literal mirror image of the same property listed for 120k, opening bid at 80k except the carpets are all stained, theres a dent in the wall about the size of a basketball, grass is overgrown, theres no tile downstairs (just cement slab). i feel like this is  good entry home to start flipping seeing as though i have a comp right down the road. 

I bought a house for $30,000 in San Diego County using creative financing this summer (2017)Quick FinancialsPurchase - $286,000 ($30,000 cash to take over mortgage subject to)Mortgage - VA Loan @ 4.25% on year 3 of 30Mortgage Balance - $255,XXXRepairs - $10,000Total cash invested - $41,000Current Value - $390,000 ($100k equity picked up)Payment - $1752 Rented - $2250Here’s the Story… The lead hit via my website, the seller wanted out of his property, I hadn’t taken the lead seriously in February.

@Dan Brewer   could not agree with your points more... obviously you have experince in the space.. its those that do not have experience in the space that have a very high mortality rate as investors.Those that do well like some have posted live it and breath it.. its their JOB...not a passive investment from one's barcolounger in San Fernando valley  :)

This home was purchased after selling our home we renovated in San Antonio, TX.

Does anyone have a PM in San Antonio, TX they have really liked?

By area code most seem to be from Houston but I'll still get some from Vegas and San Diego. 

That said, operated one w/ HOA (condo) in San Francisco.

Going North you encounter Orange County which is virtually the same cost as San Diego. 

You have an active REIA club in San Antonio, get to one of their meetings.