My husband and I are still pretty young (early 30s), so we are in the leveraging/accumulation phase of investing. 

I am currently not buying but mostly because I had bought a lot in the previous 2 years so I'm not in the rebuilding liquid capital phase.

Any tips or experiences you can share about the analysis and purchasing phase would be super helpful as I navigate this exciting world of real estate investing!

I am still in the learning phase where I'm listening to podcast and reading books.I have started to analyze the San Antonio market and I have a couple of questions.I was looking at zipcode 78244 and noticed that the homes were ranging between 120K to 249K while rents had a median value of 1400 to 1600 for a three bedroom home.

We are not hung up on positive cash flow during our owner occupancy phase. 

The other two are not in service yet, still in construction phase.

Change in outlook (wanting to get rid of properties and move into other assets, or different phase of life)

Construction interest and Rent up Phase interest. $1,500,000.Another sewer lift stations  $80,000.Keep adding to the list.Recommend you do a small project first, and scale.Or find a developer who will buy from you.

I am sure I missed a couple other considerations, but if you've gotten to around this point you are at the design, permit and build phases for what you are going to build in the basement. 

Traditionally when hyper supply phases hit occupancy peaks and then starts to decrease while rents are still rising just at a decelerating rate.