We are thinking about an initial 10k sq ft project in Middle Tennessee but are willing to travel a bit if the market is right (Kentucky, Georgia, Alabama, and Mississippi). 

Laurel mississippi the worst, and mississippi in general.

@SJ Farrugia  In the FAQ disclaimer on criminal records smartmove will return criminal records in the following states Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Minnesota, Mississippi, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Tennessee, Texas, Utah, Virginia, Washington, and West Virginia.Now if you are located in those states you may be fine.

The park will serve as housing for the surrounding chemical plants, and we are confident that it will be successful since there is very little short term housing on that side of the Mississippi River.

Good luck  Total Rents Collected: $23,025/mo Debt Service: $12,358/mo (sad for me. 8% interest rates lol) Property Management 10%: $2,303/moReserves (Vacancy 5%, Maintenance 10%): $3,454/moPhantom Cash Flow: $8,365/moTrue Cash Flow: $4,911/mo (Money I can legit burn)  bob as you probably know I owned a few hundred of these types of homes from DetroitCleveland to Jackson ms  Birmingham balt city etc etc.  

Paying wait staff $2.13 an hour as they do in Mississippi is an abomination.

I want to try and find a set of bigger buyer communities or larger institutions that can reliably buy 5-10 properties per month in the following states: LA, TX, MS, MO, TN, GA, OH, FL.

Although when I was a broker in Oregon and Mississippi I was a member of both as I wanted MLS access and in the day you had to have nar to get MLS..

The sole remedy of the lender is the property.Now take the rest of the states and Texas in particular Mississippi for sure.. and you can foreclose get the asset then sue in court in a different action for a deficiency judgment and get a judgment against the home owner.. this is used when there Is in sufficient equity to protect the lender..

I know that in Mississippi the rule of thumb seems to be that as long as the lot can meet the frontage requirements, construction is permitted.