2. I personally would not buy next to shopping, but you have other people want to be able to walk to shopping. I think if you ask the question, it is a big enough of a concern not to buy there.
3. Future values are impossible to determine. It should stand on it's own, I don't think it will increse in value because it is next to a higher priced community. There are plenty of examples around to support this.
4. From the teachers and admins I have spoken with they say the best deteriminer of school rankings is stability of the population. Most people think it is income and this is perhaps not entirely true. There are great schools in lower income neighborhoods. Apt dwellers in many parts of the Metroplex tend to move frequently and this can have a negative effect on rankings.
1. When a property is close to busy street backs up to road noise difficult for resale
2. Depends on location to shopping center what separates properties in most instances can cause future resale value
NOTE: A personal friend of mine has a gorgeous home in Frisco purchased next to shopping center his home been on market for 3 years with no offers due to location. Home value $395K
3. Apartments close to school, all cities must have equal opportunity housing YES those students would be attending school.
SUGGESTION: Have you consider other areas if you can qualify for $350K home, Coppell is not far, Coppell HIgh School http://activerain.com/blogsview/1411988/coppell-tx-high-scho
Coppell has a small foot print for a city not many apartment complexes.
Happy provide other suggestions
The Michael Group - Dallas Business Journal "Top Realtors"