I have to buy my properties in my name because most lenders won't loan to a LLC. As soon as I purchase the property, I then form an LLC using the street address of the property, for example 123 Main St, LLC. In Georgia, you can create an LLC for $100 online. I then title the property into the LLC's name at the courthouse. This costs $10 in my county. In the meantime I purchase insurance in my name with the LLC as an additional party insured. The hardest part is finding an insurance company that will cover LLCs even as a 2nd insured. Be prepared for a slightly higher insurance rate.
If you have questions or are the least bit unsure of something, please contact a real estate attorney to help you with this. It doesn't cost much. Good Luck.
San Antonio is a great place to invest. They are constantly making the news about best place to ... (fill in the blank with retire, raise a family, invest, etc). Jobs are constantly added in large numbers (Toyota, Washington Mutual, Military bases, etc). Wages have stayed low for most of the industry in San Antonio which is why the housing market remains low (compared to the national average as well as your other large cities in the US), however the demand for housing remains high and several people rent, so the rents have gone up. It is not uncommon for an investor to buy a property and have it cash flow from day one. On top of everything else, the laws are actually geared toward property owners (not the case in Washington state where a tenant can actually remain living in your rental for a year while you go through court to evict them without paying you a dime in rent).
I have moved my rental investments to San Antonio and enjoy traveling there (tax write off) to view my rentals or "shop" for more.
I'll be happy to advise and help you with your search and negotiations when you are ready to find investment properties.
This should protect you as well as the property, which is why the LLC would be formed.
The only other considerations to be aware of are what your lender requires if you are going to get a loan on the property... If you are paying cash... you are all good!
I am a Dallas real estate agent who works with investors across the country I also invest HOWEVER all investors have their own business plan and etc how they report taxes, each person is different.