From what I’ve read in the Wall Street Journal, locking in a low interest rate now could be a smart move given today’s economic trends.

That’s a problem if trying to enforce a security position as a lender or Noteholder.You may gain control but economics will dictate structuring a deal to pay the problem spouse something as a “lovely parting gift.” 

Market fundamentals and economic factors seem strong and promising.

The city is still economically not showing the types of growth that you’ll find in areas like the Lehigh valley which in my book are a huge pro.

I am not familiar with Horn Lake and the economic conditions you mentioned as a CON, but if you already have those concerns, on top of a large rehab, which typically don't shrink as you get started, and being OOS and needing a PM team, you may want to consider other options as you get started. 

Look for markets with good population/economic growth.

Data Analysis: AI can process copious amounts of data, including market trends, property values, neighborhood demographics and economic indicators.

If you're more focused on appreciation, Columbus will be a great option due to its growing population and favorable economic conditions. 

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.

In times of economic stress, people may not choose to vacation in Las Vegas.