Someone local, who knows the area and how properties move is the best bet for the most accurate answer for you. 

Can you tell me whether you did wholesaling or fix/flip and whether all the deals done local to your area?

If it's flipping, wholesaling, single family, STR or self-storage surround yourself with local people doing that thing at a high level.

See my other posts for typical renovation costs in Metro Detroit, and how to build a portfolio in Metro Detroit if you don't live locally.

Others have said they'd only care if the appraiser pointed it out and that I should reach out to some local appraisers to see what they look into. 

The hurdle you will run into is that a purchase money loan (mortgage, car loan, etc.) is a preferred status under the law and will take priority over other debts and claims against your assets.

This seems to be a fairly common topic, but I'm curious what laws and regulations make what states more landlord friendly.

As far as the first paragraph is concerned, I can't do Convential Loans in TN...only commercial-style rentals, so I will leave that first paragraph to someone local to you.

I'm finding that some of our inquiries are from locals who are for one reason or another seeking month to month leases.

Patten Law firm with Texas American Title, Declaration title, Fidelity Title on certain locations are very familiar with investor transactions..