I did some preliminary recon in the San Antonio market about three months ago, but decided the hassles involved with being an absentee owner weren’t worth it.
While I do not have any property in San Antonio, my group is doing fairly well there. Most properties there break even but we are seeing about 20% to 30% returns on investment there.
As for whether being an absentee owner is worth it or not (the path to getting rich is not necessarily easy), at least the ability to lower my taxes by a huge degree is worth it to me.
