So my question is that , the bottom line is the property you own should be rented to make all this happen.

Definitely read through this thread, as most of your questions are discussed in it, and it's very recent:https://www.biggerpockets.com/forums/530/topics/70...But bottom line - can you keep it under $15k?  

I guess when your town is rock bottom you have nowhere else to go but up.I did a Google search. 

The bottom line is that if you do not make a profit or at least break even it is not a good deal....

Bottom left side of the page at sanantonio.gov permits section.

But yeah I would be living in the bottom portion of the house and renting out the top two floors and then share the kitchen.

One bedroom, bathroom and living room on the bottom floor of the unit. 

You're only planning to put in $5k of work.Without financing, my math shows a cash flow of ~$575/month, ROI of 6.6%, which isn't nearly good enough for me.With financing, you're cash flowing ~$40/month (25% down, 5%, 30-yr).Bottom line, either get it for a lot less or keep looking.

Also, keep in mind, we are likely closer to the top of the real estate cycle than the bottom.

Learn and read top and bottom real estate investor, why they lose and why they gain?