I could be wrong but the prices seem like they are just to high i.e. the monthly rents would barely cover the rent, expenses, and taxes. 

That typically seems a bit dubious to me because in order to be a legal JV there has to be active participation in the investment.

Ultimately, we would like to calculate a fair target price — for the acquisition.Thank you in advance for your insights, suggestions, and participation in this discussion.

I do plan on living in the home for at least 5 years, but beyond that, I would use it as a supplemental rental property, and I’m more focused on comparing the pros/cons of things like investing in a more expensive hot neighborhood vs a more stereotypical subdivision, condo living vs single family home investments, sellability/added value of fancy amenities vs extra square footage and space, and value of location- Easton sits at McKinney Falls Pkwy and William Cannon, and Addison sits off of 183, just barely south of the airport.I’m curious to see if anybody on here knows the area well (or specifically these two neighborhoods), and I’m definitely interested to see what investors and professionals on Bigger Pockets think of the situation!

I’m self employed and I barely even pay myself on paper so I’m wondering how I can actually get my first mortgage.

Invest in someone elses startup with your Roth 401k that you are not participating in as a significant player or if you are a significant player in that business, perhaps do a

If it's me I'd try to sell it to someone who can actually pay for it, you already know it is a bad buy, the tenant barely seems creditworthy enough to rent let alone buy, it seems like a likely scenario is you have to foreclose on this person in a year or two and you have the same dud of a property as you do now. 

I can find a nice house in these places for 300K but probably not the wisest investment and would still eat up a good chunk of my savings for 20%+ down payment.I am newbie and barely contacting lenders and figuring out if I would be qualify for a second home (On Title for my Parent Townhouse) vs. investment property.Just trying to make the smartest move for long term wealth building.

And, there is an exception even to the exemption: You may advertise for a lodger of a specific sex (and you don't have to specify your own sex).Pro-tip: If you reject someone's application or interest in your property, always offer to help someone find another place to live or at the bare minimum, suggest websites for them to check out additional properties.

That rate says they will do the bare minimum and have tenants do stuff like grass cutting and air filter changes.