I also am currently using Stessa for my property management but will probably convert to Buildium after I acquire another deal in the next few weeks.

But, in future if we want to develop any residential or commercial buildings on this land, would this rail road track going to be a deal breaker in terms of attracting potential developers or buyers or investors? 

I would normally pass, but the location and deal is too good.

Data shows people are flooding into outer burbs, which new construction is helping a great deal.

Not sure I understand what you meant:  the TENANT wants to make a deal?

Quote from @Russell Brazil: About $1500 origination fee is the typical amount I've been seeing the last year thats about as good a deal as I have seen anywhere

Money, deals, crews ? 

Good places are Arlington and Fort Worth in my view.Townhouses and condos are difficult beasts, I would prefer townhouses, I have some investors friends that they didn't want to go with a mantainance headache so they bought townhouses, but those are expensive and they are Long-term.Condos are a bit old in DFWHowever, all deals on that you would need to have an investor friendly realtor to help you with.

This was all verbal agreement and agent did not hold up her end of the deal.

And purchasing in a high end college town eliminates any "deals".