Locals know it but OOS investors dont.And why is that.. which is the focus of the OP post..

They should have local options with teams they approve of. 

This can range from local real estate clubs all the way up to multifamily specific events such as the National Multi Housing Council’s annual meeting.

I am currently looking for a small local bank or credit union that issues lines of credit collateralized with investment property.

These markets tend to attract a lot of investor activity, which can drive prices up, leading local homeowners to take on more debt to afford homes in their area."

The nat'l trends are definitely not relevant, local is all that matters.

If it a zoom group, local group or "one on one".

So to measure the risk, if you're in R-7 & R-8 it is entirely up to the local councilmember who covers the area as to whether or not they would be willing to introduce the legislation.  

I live in Flagstaff and work for a local contractor.

Ensure compliance with local laws, start with smaller loans to gain experience, monitor your investments regularly, and trust your instincts as you navigate this venture.I myself, as a PML.