I am an active investor in the state of Louisiana and now expanding into MS and I also run an investor meetup/REIA in the Northshore area.

So a partner of mine did a contract for sale in Mississippi a number of years ago with someone that wanted to purchase a property.

in the good ole days we did take the front doors off LOL.. in all seriousness.. the lenders dont want 08 GFC 2.0 if a landlord is in trouble making mortgage payments they should be talking with their lender.. many/most are going to help you through this.. having been on the beneficiary side during the GFC  I can tell you the last thing i wanted to do is end up owning 200 homes like I did If I had it to do all over again I would have just re wrote all the notes with Zero interest and get my principal back.. when you foreclose in many parts of the country you are going to lose serious dollars.I was the largest HML in Jackson MS at that time.. and have done over 1000 loans in Hinds Rankin Madison counties..

In 2020, my wife and I moved from Iowa to Jackson, MS.

I know it's been posted before but I only saw it most recently 6 years ago.  How can I run comps in a non-disclosure state without having to rely on an agent to do so for me? 

IRS Audit Guidance - Information on Passive Activity Credit Limitation and Example (Pages 146-148 of PDF)https://www.irs.gov/pub/irs-ms...3.

They are wanting to purchase a property in MS closer to her folks and either building or renting out that home so there is no concern about them being in financial troubles. 

Hello @Anthony M. S

IE if the property is in the city of Memphis proper you have county and city property tax  so investigate that a little bit.. if you buy just out of Memphis like just over the border in MS tax's could be lower or as stated out of the city limits.rule of thumb you dont need to drill down into these numbers  napkin math is simple for rentals. you will have about 40% to 50% of your rent  at 1200 and under go to the proper care and feeding of your rental.if its less over time great job you get the upside. 

OK How about Ms JigglePits?