Taxes, insurance, regulations, anything close to mpls kinda scares me.Not that it's convenient for me to drive to Princeton to check on my properties https://www.zillow.com/homedetails/12171-Dayton-Ri...

There is a lot of research and development tied to the Government Military and Security industry.The Texas government’s regulations continue to bring new businesses into the State, which San Antonio benefits from.

IF you have a class A property you will be renting to singles, young professionals etcYou will probably have more tenant turnover, but there are a LOT of young millennials looking for urban living in places like Lower GReenville, or Uptown or Knox Henderson etc.I think your biggest considerations are property taxes, rental regulations and do the numbers work. 

The cap rates are really determined by the supply and demand of the properties in a sub market and the availability of funding in the market. 

Water is being supplied by surface mounted PEX tubing in the kitchen and bathroom.All that aside, the house is still well enough intact to be renovated and made whole again, without question.  

You, on the other hand, are not regulated by the Association of Realtors and you can write your own contracts.

Regulating noise, garbage collection, colors that can be used for homes in the area, rules around parking, rules for landscaping, and allows for a process for dealing with problem neighbors.

If they used copper water supply lines, they will last a very long time.

You would need to contact your city/county to find out what the regulations are--they may require inspections, etc. 

The only way tenants can disagree with a rent increase in non regulated states is to move.