Local agent here near Bella Vista and investor myself. 

I’m currently doing research about up and coming areas such as this post as well as looking for local groups.

When you put in the settings for state and local tax it should be clear what is collected and what needs to be remitted to each authority.

About me, most of my assets are RE but in another market so I would be diversifying in that market.Potential for appreciation is very uncertain: prices have risen a lot locally lately and are as high as they have ever been, and it’s unlikely higher prices would be affordable by locals.

Go to small local/regional banks NOT national ones.

If things get tricky, consulting a local attorney experienced in landlord-tenant issues can help you handle the situation properly.

Start by joining local real estate groups, narrowing your approach to strategies like house hacking or multi-family investing, and building a team of professionals like agents and lenders.

From around 2018, when the golf course closed, until 2021 local residents essentially used this giant open parcel of grassy land right in the city as open space.

Is there a local developer/builder who might be interested in the whole package?

They could also call the local board of realtors and talk to the grievance or professional standards dept to file a complaint.