You've got legal counsel and may be prepared to fight it, and2.

I'm wondering if I can find success without using much preparation or subscriptions besides finding the addresses and doing the postcards of course.

Many investors are coming from out of state and jumping into the Ohio market not prepared to actually close a deal.

There's volatility in the stock market which generally is the first indicator of a recession on the horizon.I am hoping for a mild one, but preparing for a tough one.That said, unlike the early 2000's, many folks gobbling up single family residences have been investors this past decade.

If you are okay with that and want to hold for the long term a property in Temple may be a good long term investment with the city growing rapidly and  it's proximity to center city with good public transportation access some say it's only a matter of time before the area turns but it's only speculation and I would never recommend investing with hopes of appreciation unless the property cash flows from day one and you are prepared to handle the tenant class that you might attract.

No word on price, pro forma, etc its a brand new lead and the owner is preparing to sell within the next few months.

Looks like at first glance it's intent is to serve as a market driven investment vehicle that focuses on certain areas that are likely struggling in the economic value/equity arena (sometimes these areas are the best opportunities but obviously one needs to be careful).Again at first glance I'm wondering if opportunities exist for those prepared to start a fund and execute (flip, rent, etc) properties within these zones, but also it appears intent is for these funds/investment products to exist for more passive investors. 

You have to be financially prepared for things to break and be replaced; major things like air conditioners or disasters like a broken pipe. 

Asking because I'm just starting out in real estate and want to have the best preparation strategy.

You might find out what a realtor would charge to sell the property, maybe 6% of the sale price plus closing costs like title insurance, deed preparation etc.