If you're looking to own your own projects (flip or buy/hold), my experience has been that having a license and a managing broker can limit some of your options.

Annual Meetings are typically open to all owners (not tenants or the general public) and some HOA's will open an occasional regular meeting to a limited amount of public/resident comment prior to beginning that regular meeting.

I do my best to limit my exposure to this wild west style lawsuit culture we have.I am starting to flip properties but, for the last few years I have purchased rentals to hold. 

A subject-to can be beneficial as it allows you to enter a deal with potentially no financing or limited financing of your own, lower money out of pocket, and increased cash on cash returns.

I lack experience and am limited on local knowledge, for now.

It's difficult to give specific advice/feedback with the limited information provide and no photos of the property.

@Joey BiccumI would venture to guess that anyone in your area who chooses to rent a place to live for $1900/month has made multiple housing decisions about their lifestyle that are unconnected to any sort of poverty they are experiencing.

Texas likes to chase the sales price, Arizona limits the annual increase to 5%. 

I once had a perspective tenant apply looking professional and nice, while on social media we could see what type of lifestyle he led (non stop partying and drugs)   You need to be careful why you say no, but finding red flags can sure help narrow down the search. 

The second is the conforming loan limit.