Interest rates and values / cost to own stay around this price point and the millennials and younger generations get screwed3.

I am a bit concerned about the quality of the schools in the area as I know that affects families staying long term in an area.Thank you in advance! 

Happy to connect and knowledge share.

With the knowledge that their rents will be raised after a period of time. 

I have a friend who has some real estate experience (mainly legal, local knowledge) that could be 'boots on the ground' in terms of understanding the locale, assisting with property management.  

I have done over 3000 of them since 2012 its a specialty niche and as such we charge FAR higher than HML or PML that are 150k and up to stay in bizz especially with overhead you must bring in at least 4 to 5k per file on top of interest rate. thats why small balance loans are so tough..

I think this is a desperation move by a seller in a bad market and I’d still go with some kind of lease with an option where the title stayed in my name. 

Just want to learn and soak up as  much knowledge as I can.

I see these properties as places I'd want to stay long-term even though they may be just rentals.I will look into attending my local RE meetups as I can understand what other investors go through and seek advice from other couples who invest.

Happy to connect and knowledge share.