I would do some serious research on Texas a&m real estate center website to see a true apples to apples comparison of markets, if I were you. 

@Nandy B.In 1998 I bought a small farm property with a main house, barn, several outbuildings, and a double-wide trailer that was like new and unused.

I could give my son an apple or an apple tree.  

If you lay two illustrations side by side, with apples-to-apples assumptions, they will be virtually identical.

Hello, I bought the book a Barnes and Noble.

Do one task at a time in each app so you can compare apples to apples.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.

Assuming both have equal operating expenses and equal cost of goods sold, and both use the exact same ingredients (all of this for an apples to apples comparison), and both have a net profit of $.50 per cup, the IRA coffe shop can charge $1.90 per cup because it does not incur any income taxes, therefore all profits are gained, whereas, the standard owner coffee shop must pay income taxes based on the $.50 per cup net income.In such a scenario, the IRA biz would gain an advantage over all other standard owner coffee shops.

It's an apples and oranges comparison.

Not every body wants to deal with all the things that come with larger deals.Everybody can own Apple stock not everybody want to own a company like Apple or run a hedge fund, more power to people like you who can make it happen!!!

Perhaps, in the very distant future but San Antonio is still in TX, a state with very landlord-friendly laws, which indirectly affects rent growth, so I'm not quite sure it is an apples-to-apples comparison unless I'm not following your point.