I currently have a home in a small town in the deep south that is worth about 40,000, if that.

After that, I can request a CO from the town and then make it easy for me to rent or sell it.

Understand the West Texas market dynamics, such as transient workforces in towns like Midland, Odessa, or Lubbock, and research growth potential.

Since you are in "E-town", you are in Lancaster County, and Sam W. has already posted the Lancaster County tax assessor website (I'll link it here):http://lcapp1.co.lancaster.pa.us/aoweb/But "E-town" is really close to a few other counties: Lebanon, Dauphin, York and Cumberland.

This one is in a small town outside of a very large city. 

However, I have some reservations about buying a house before seeing how things shake out after Feb 2nd for a few reasons: - Towns seem very unclear about how they will adopt this new law.

Also purchase price is probably $5mil and up for a single family house, so that could be a limitation for many investors.Since you are in the DFW area, I'd say there is probably no better place to invest than right here in your home town. 

Condo market down town is soft. 

I own several SFH, duplexes, triplexes, and a quad but I'm in discussion regarding a 13 unit mixed use property that is of interest to me mostly due to location (I own several properties in the area and it's near me and I have a good pulse on the town). 

Lets assume B-C class neighborhood in Atlanta or surrounding towns.