A city planner or an architect could quickly determine how many units could be built on the site.

I plan on doing my first deal within a month or two, but i have a quick question about how to get the contracts i need.Today i tried to get a lease option agreement template from a few sites like legalforms, rocketlawyer, and lawdepot.

It's bordered on 3 sides by SF communities that are selling out quickly.

@Luis Garcia Time is not on your side so act very quickly. 

Search the forums to get a better idea of calculations to do a quick look and more thorough investigation if you like what you see. 

A little background on the area: it is in a smaller East Texas town that has a great school district that attracts a lot of families.

Let them know if they are willing to sell, you could pay them cash and close quickly.

The BRRRR strategy is very appealing; I'm looking to expand quickly and do exclusively buy-and-hold.  

Often in partnerships you may have different agendas like one wanting a quick profit and the other wanting the tax advantages of a long term buy and hold.

In retrospect that was a terrible financial decision, but oh, well.My next job was across town from my house which was a reasonable commute a long time ago, but quickly traffic became too much, and I decided I needed a closer place.