Hello,I have 16-unit apartment building in Mississippi (8-units in each building).

. ;-)  well working south side of Chicago  south jackson MS  Baltimore city  Philly west side I understand the risks .. and I am with my clients who are armed most of the time and when i started buying this stuff it was south of 8 mile in Detroit.. so understand that risk.when I bought courthouse steps in the PNW  Portland SW washington no so much worry about armed folks although that has probably changed with the housesless folks / squatters these days.

I have had years to think about this having owned a nice slug of A class IE brand new construction in the best school district in the state. and over 300 C and D class with a sprinkling of B class.from Jackson MS to Detroit and many cities in between and on both coasts... 

Also the Arkansas river leads to the MS which leads to the Gulf so there's barge traffic as well. 

Im in LA and MS Gulf coast.

Like other posters have mentioned - it will likely vary by lender - but generally most states will be OK with either Individual or LLC but there are a handful of states that due to various regulatory interpretations will require a LLC (or require a LLC to have prepayment penalties on the loan structure) Borrower = Individual or Entity AL, AK, AR, AZ, CA, CO, CT, DE, DC, HI, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NE, NH, NJ, NM, NY, NC, OH, OK, OR, PA, SC, SD, TN, TX, UT, VT, WA, WV, WI, WY Borrower = Entity only GA, FL, IA, MT, RI, VA (1-4 Units) Prepayment Allowed Vested Entities Only IL, NJ

I have section 8 homes and the only inspections in mississippi are from section 8.

I bought some properties in Mississippi earlier last year and I still have not sold them.

If you are getting started and are in New York, I would not recommmend you buy in New YorkStart in a place like Michigan, Tennessee, Missouri or Mississippi.

I am wondering if anyone has ever bought properties off Mississippi's delinquent property list.