They are people and have needs/concerns too.

My main concern is not being able to cashflow the property using the LTR route.   

Title changes or profit-sharing arrangements could raise concerns if they violate owner-occupancy or primary borrower rules.Financing in Your Name: Since the 203(k) loan will be in your name, you’ll be fully responsible for repayment.

Also, when it comes to these infrastructure items you are concerned about, learn more about the "options".

I had similar concerns as a noob 16 years ago, what if I can't find a renter.

The only concern we run into is occasional foundation issues near the river, towards the south east side of town.

Take for example the lack of productivity where construction projects often experience time and cost overruns, rework or quality concerns. 

I am not familiar with Horn Lake and the economic conditions you mentioned as a CON, but if you already have those concerns, on top of a large rehab, which typically don't shrink as you get started, and being OOS and needing a PM team, you may want to consider other options as you get started. 

I appreciate and welcome any thoughts, concerns, or ideas!

Years ago, my elderly neighbor expressed his concern to me about our trees leaning towards his home and that he wasn't trying to be a pain.