The ones who bought cheaper properties trying to fix up had mixed results with one getting hustled by a contractor and definitely going into the red.

I've heard from local investors in Tampa referencing recent changes and local property managers grumbling about red tape.

There’s always demand for rental properties, and with the landlord-friendly laws, you don’t have to deal with all the red tape you might find in other markets.

Even you got hung up on the HELOC red herring.

This info is public on the sec site and what we have found to be the red flags that have been good indicators of potential future problems1.

Are there any red flags or challenges specific to this neighborhood that I should keep in mind?

I hope you were able to catch some reds and sea trout in the bay.  

They're definitely ahead of the curve, but Northwest Arkansas has very little red-tape when it comes to building.

Or do other investors see this as a red flag and would prefer to have current leases?

I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.