Advice for purchasing a rental property in San Antonio
Hello, I am resident of San Antonio, I own my home and I am looking to invest in SFH rental properties. It seems like with the current market it will be difficult to obtain more than $150 a month in cash flow. Purchasing a rental with 20-25% down and financing over 30 years. I was hoping to find a way to invest for a better cash flow- or should I hope for appreciation and rising rental rates? I feel like our market might take a downturn at some point? The local market seems flush with rentals too. I have owned rental homes before with mixed results- my regret is not sticking it out and I plan to stick with it going forward. I do not want to be a long distance landlord- so I wish to invest in an area within a 20 mile radius from San Antonio. Any advice, experiences shared would be appreciated.