Any government has only two tools of control: guns and currency.

That said, it can be done and done successfully if you plan in advance, build your team (contractors, subs, back ups, lenders, credit with suppliers, escrow/title, real estate attorney, mentor, etc.) get educated on finding (marketing) for deals, rehab costs, locations, market data (like crime rates, school ratings, population growth, job growth, etc), specific market insights like what is most popular and sells for the most in your area, etc

I think AirDNA has a few more metrics, but I like the tool as a basic checker.

If you don't have a calculator/tool to do this there are a few out there to recommend.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Worcester, Massachusetts' second-largest city, is popular due to lower entry prices and strong rental demand.

That is the issue that first must be resolved, although I am not sure if you are going to be able to correct a bad location if that is the root issue but there are certainly tools at your disposal to protect against liens. 

Overall, it's a great idea/theory, but execution has gotten much more difficult between regulation and market saturation in some more popular areas.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

Apparently the GP/fund struck an agreement with a local town earlier this year to build a campground in a popular trailed area owned by the town.