Those that cannot weather the storm get wiped out.Having cashflow positive properties provides a margin of safety you just do not have with negative cashflow.Why are you focused on buying in your backyard? 

Instant equity creates a margin of safety.

look for land with owner financing And I am sure you know this but location and safety will be paramount in the Jackson market there are simply areas the crime is far to high for this to be successful..

Have a garden for food or flowers.

. ;-)  Let’s look at my claims:- there is not a strong correlation between safety and cost of living of the city.  

Hotels are definitely not fans of STRs but it is regular people and safety officials that are pushing for these regulations. 

The tenant is understandably frustrated and has mentioned safety concerns due to slipping hazards caused by the water.

You and your partners are going to do nothing but put food on the table for your GC, Agent & PM.

Than learn with that safety net until your ready to take things back over to self-manage again. 

To remedy that, the carpets should be ripped up and sealant applied to the subfloor, at minimum.There are also tiles in the smaller upstairs bathroom that are lifting up and creating a safety hazard; putting a rug on top is not a sufficient solution.The house is in a condition that materially interferes with the health of household members.