Few months (or even weeks) back it was more like everyone in the city is going to leave, offices are DEAD, the world will move out and move in to the deep suburbs, the rest will move to "retiree states" to 'work remotely', drink tequila's, stare into the sunset etc.

Besides the mountains making it hard to find new building areas the amount of Seattle area retirees that come over do not help lol.

Then they get in trouble because of too many retirees and not enough people working.

In those units, I have 4 tenants with undergrad degrees, one tenant that has been with walmart for 8 years, another supervisors for Signet, a retiree that's been at the grocery store next door for 15 years.

Home prices have steadily rose with the rest of the state (probably from retirees from down south).

For instance, towns that are mainly Republican cowboy types, or only have one real employer and whether or not it's likely for that employer to stay the duration, or can you handle renting to pot heads in the pot growing areas and deal with potentially really high water bills - you just really need to know and understand the affordable areas and the culture and job market or if it's realistic to expect to rent long-term to retirees, what's the healthcare situation, etc., etc., etc.Now, if you do your homework, and spend hours and hours of time researching and traveling there to get a feel and understand them, and you have the ability to really converse with people who may not be the class you're used to, etc., or maybe they don't speak English very well or at all - then you can probably find that you can make a profit.But, anyone who goes into this business expecting to get rich quick without having to do any work is probably going to fail anyway. 

Many retirees are looking for stuff to buy in Arkansas.

Don't be stupid by on-boarding everyone you come across but also don't be stupid by excluding perfectly fine opportunities (= good tenants) simply because they don't have a W-2 (there was another thread about a trust kiddy; I'd jump on that immediately if it were me in the context of financial security - but the kid of course needs to otherwise be a viable tenant, which, uhm, sometimes can be the main issue ;-) ).So with retired folks we as landlords actually are in an even better position when looking at "job security": you can't get fired from your retiree "job"!

I'm a Rich CALPERS Millionaire Retiree. but I own a 39 unit apartment complex "hobby" which I spend about 2 hours per week keeping track of.

No, no, no, the local stereotype of the general area holds, the comments on the Internet from 10-15 years back stick around, and the local retirees and their families keep their mouths clammed shut.