Go to your town clerk, and look up all the information on the loans on the owner and the property.  

Towns in New Jersey can be wildly crooked and will try to assess you for things they missed on prior renovations before you even bought the property, which technically they can do.

This is in a town that has a very good Private College - Baylor University.

Its a vacation town. 

Some people seem to get locked in to one place they find, or a place a friend or family member is selling without really evaluating the available market.In a small town in East Texas I would think your biggest risk is a big player coming to town that can absolutely crush a smaller player. 

Our target towns are not in the urban centers but more suburban towns with good schools are moderately priced homes for families.

My fiancée and I are getting married in November and will be moving into a different rental in another part of town shortly after.

I am a first-time investor, I'm looking to buy a duplex in a smaller town in Utah, the town's population is around 8.2k.

I love the town, but I guess that my point is that it has substantial challenges as a full time local.

Quote from @Brad Finley: Hey community,I am looking into investing in my home town of Cincinnati.