You are right "real estate goes up", but I'm not going to decide if a deal is good or not based on that general sentiment.

My offer is usually based on his original estimate of the cost of repairs.

When I was in high school we have a Business class, an automotive shop and even a building trades program where the class would divide into AM and PM groups where land would be bought and entitled then they under the supervision of an incredible teacher named Gene would build a home and sell it after completion.

Sounds like you have a great base for real estate investing! 

Hi Maria, I'm based in central CT.

Based on my research on the property can the forum please provide some guidance.Basic Info:  Purchased at auction for for ~$5000.  

It might be a weird time to pick up multifamily rentals since there is a massive apartment complex being built at the moment, but single family should be pretty safe.Also worth mentioning San Antonio is experiencing massive appreciation right now and a portion of that is certain to spill over into the Corpus area based on proximity and a lot of San Antonio residents vacationing there.

Researching similar rentals and noting renovations in your listing can attract potential tenants, with room for adjustments based on demand.

These typically do not require any personal credit checks and are directly based off the property in question.On top of the $10-15k as a down payment, do you have any capital to invest into the property? 

Obviously you are a minority - based on my anecdotal experience.