If you're like me and prefer a data-based approach, Texas A&M's real estate center website is a great centralized, objective resource to look at some of the market trends in the Austin-Round Rock MSA. 

As for areas, have thoughts there too....but really depends on the property type you prefer and your short/long-term objectives. 

Did you walk down the street and knock on everyone's door, introducing yourself, explaining you plan to buy, if they rent& if so how much, and if they can give you any advice on the property?

You may be able to handle this your self by simply calling the IRS and explaining the circumstances.

Can someone explain this please?  

Please explain your experience with townhomes and how you can to acquire that many properties.A townhome I am looking at is $65,000 2/2 1,222 Sq ft. and 3,920 sq ft lot.

I hope I did a good job explaining my question.

What could explain this large difference in price?

@Eva Henry - First try to explain that YOU would be the one buying the property and HE would be paying you rent, complete with a signed lease agreement.

I heard on one of the podcasts... this guy said.Call a contractor ask him to go slow and explain everything.