@Philip Levi it depends on what part of town the rental is in.

Ensure your finances are under control, completely.

The coastline continues to grow and with towns like New London working  to build up their infrastructure to draw in more business and ultimately residences, it feels like the area is heading in the right direction overall.

The agreements I've seen basically say you are guaranteed nothing, you could lose all your money, you might not be paid on time or ever, you can't rely on any representation made by the GP, you have no control over the operation and other terms and disclaimers to that effect.

If you want more control, you can set up your own systems for rent and communication, but a good property manager for out of state investing is the way to go.

There is no way that resident can afford a 500 jump, and I ended up losing thousands of dollars.Real estate is a business, collecting a future stream of revenue, and you need to be in control of the revenue and expensesGino

These are long term, illiquid investments that are completely out of your control.  

From the ratio of 6 per 100 ppl, it seems the town could support ~200 more.

I like the town and see the potential in the city and surrounding areas.

I am planning on investing in towns north of Fayetteville (Bella Vista, Centerton, Pea Ridge).