@Mike VirdenIt's a bit difficult to answer precisely when we don't know what your objectives are. 

His stuff isn't great for a group like this with different objectives.

Define your objective.  

I have no objection to the above mentioned areas of San Antonio but you'd be limiting yourself if those are the only areas you're willing to explore.

They're all so relatively close to one another, but if year-round rental income is your primary objective I would shy away from anchoring onto one of the two ski resorts.

I would say stick to your numbers and be objective and then you'll know if you find something worthwhile.

Since there are many more listings competing on the market than in previous years, it’s crucial to prepare a property to stand out among the rest and address potential buyer objections before hitting the market.

This cash out refi is a non-taxable event, but does create additional debt, so it depends on your goals and objectives.

But I think this thread's gotten out of hand and very far from objectivity.

The objective of investing in real estate is not to win in the short term, but to keep playing for the long term.