Sometimes you might strike a good deal on the outskirts/ adjoining cities of these towns wherein they can enjoy the schools of these cities but reside in a different township. there are some good townhomes to be obtained in $150-200K (you might also get sometimes better deals) range in each of these areas that can be then resold/ rented for long term. 

Before you strike off with an opinion or suggestion from just anyone, you better study the changes, I'm talking federal laws with penalties you don't even want to think about!

You strike me as a budding author. 

It strikes a good balance for me, but others will want complete hands-off and use a management company.

Your price range is great and gives you a lot of options.So first task in deciding on a market- look at what each offerings and see if any of them strike more interest than another.

There are some areas zoned to Keller ISD where you can get a good deal if you strike quickly but be prepared for multiple offer situations including cash.

, but it could also strike home with them realizing that this could be a solution to their problem.Sending a generic piece let's them know that you're interested in their house and on the initial call they may mention their situation.Your thoughts?

They cannot materially change the document or any of its provisions, and changes such as strike-outs must be approved or otherwise "blessed" by a qualified professional.

It strikes me odd that your partner has a relationship with the seller and is enticing you to buy- why wouldn't the seller just sell right now if the upside is so great?

I can't wait until I strike my first deal.