Looking to purchase a duplex, triplex or fourplex in Panama City and do short term rentals for summer months and long term through the winter. 

When it comes to housing, the FHA rules apply in addition to those of your state/city.

I did have a relative living there and my wife went to school there so I had some familiarity with the city. 

Bachelor/Bachelorette Parties: "Steps away from the city’s hottest nightlife with plenty of space to celebrate 

I've looked at shared rooms for months in different Canadian cities noting price movement. 

This initial conversation before the owner has a property can be very educational especially if the owner is out of state or has never been to our city.

I'm looking into cities of central AR (LR, NLR, Benton/Bryant) Hot Springs area, and NW AR (Fayetteville, Rogers, Bentonville).If you don't mind me asking, what is it you like to offer new investors?

The city required the road to be extended a few feet, along with water and sewer.

Out of state investing in cities within a reasonable driving distance may be a good option. 

It's a lot of work upfront but once the team and systems are established it gets easier and as you get better you can expand to another city.