I've downloaded one with and without the Texas Association of Realtors label on it (I'm not a realtor member)  The realtor version states "USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED" so I'm guessing not a good plan to use it?

I can just relay to the OP that A) he'll probably want better duplexes than what $80k can buy, even in our area, and B) yes, people successfully cash flow in our area.Killeen may not be the perfect market, but as an agent, I see and hear from many investors who are asking about our area, driven away from all the other Texas markets where deals and numbers simply aren't there except for the established guys whose marketing machines are running full tilt.

The April 2017 Central Texas Housing Market Report is out from the Austin Board of REALTORS®:Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “After a slow beginning to the year, increases in single-family home sales, homes on the market, and housing inventory across the region in April 2017 indicate that the Central Texas housing market is ramping up for a strong summer selling season.”Here are the basic stats on single-family homes sales for April 2017 for the city of Austin and the greater Austin area:Strong housing development activity is fueling single-family sales growth across Central Texas:“The Austin area is delivering more lots than ever before, and as a result we’re seeing strong gains in new home starts so far this year, particularly in suburban areas in northeast Travis County and throughout Williamson County,” said Vaike O’Grady, Austin Regional Director for Metrostudy.

While the "Contract Clause" in the Constitution gives you the right to write a contract on a cocktail napkin and the "Statute of Frauds" gives you the "what's required", your being a Real Estate Agent typically requires you to.The good news is, among ALL of the things Realtors® need to know when wholesaling , the contract is the hands down EASIEST!!!

He did use about a thousand to purchase some  vending machines.  

@Pedro Machin Did you filter your data to people that own property with equity?...

When done properly, with open eyes, these duplexes can be the cash flow machine you are hoping for. 

If you will have trouble with a washing machine overflow, insurance wait, one month vacancy...real newspaper story about a rental foreclosure here during the last downturn... get your reserves in order, for your rental and any personal vulnerabilities.

They have a machine that writes them using a real pen. 

My plan is to go to the US with my cash and machines and start a construction company.