What I am trying to understand is after Coachella ends, would it still have the strong recurring demand/occupancy for STRs?

I understand that not all deals pan out as pro forma says but at least yearly updates are essential, quarterly even better.

Seek legal advice, however, what I understand is that there are really two way to wholesale that is legal in the state of Arkansas.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Let's re-frame this to help better understand. 

They'd be much better off being a Hard Money Lender and make 5 times that (and every repair to their "investment house" is paid by them...So, if you put $10k down on a property and make $150/month net cash flow your Coc Return (annualized) is 18% which is Very Good.If you followed that and understand it then keep looking for a deal.

Tyler local, so sparked my interest whenever I see anyone post about the area.Given that your duplex is fully paid off and generating a steady cash flow of $1400 per month, it's understandable that you're having second thoughts about selling it.

Yes, as far as my non-lawyer understanding of the laws read, it doesn't matter that there is an end date in the lease, you still need to provide proper notice if you are not going to renew it.

It doesn't seem this "accelerator program" is offering anything of true value and quite frankly I am surprised someone such as yourself who has 10 years of experience and owns 50 properties would fall for a gimmick.I've had friends and family swindled by the gurus and seminars out there (I've been duped myself before) so I can understand the cynicism, but not every community is just a gimmick.

Understand, real estate may not be the solution you are looking for.