Or are you thinking you might want to wholesale also?

I think it is best for me in my situation to use an all cash offer, and I don't rent back to distressed sellers.  

They are balancing that with the need to make a solid investment decision.The key is to think a bit outside the box.

I am unsure how you think this can recover a negative equity position any time soon.  

Still, I think you'd find it difficult to find one that would be a good long-term investment unless you had another ~20-30 years to go, it's at least cash neutral, and you don't plan to hold it too long (to avoid too much investment loss and before you get to the point where it's unsellable because of too few years left); that's another way of saying that maybe it suits your cash needs in the near-term or is at least less of a pill to swallow than other options until you find something that's more of a sensible long-term play

I think this will be super helpful! 

As for the area I am thinking of doing my area of San Antonio and nearby cities.

@Robert Ok I think it would be advisable to start your REI journey with a "Deal". 

Can I find 15% down payment options do you think? 

Any advice on how I should think about pricing the property would be helpful.