Getting Started & Optimizing for Cash Flow

[Martin Alonso]

Hi all,

I own a house in Austin TX but the local market has very low cap rates. 

I'm looking to buy my first multifamily home. I want to optimize for cash flow vs appreciation but would like to be able to drive to see the deals so ideally it'd be in texas. Ideally I'd like to start with a fourplex in B/C type of neighborhood and do some value adds. Budget is ~$500k. I'm looking for ~15% cash on cash. Any suggestions for markets in Texas that have good cash flow? How is San Antonio? Or how about college towns like San Marcos and College Station?