Toilets and Tenants is a great facebook group that will help answer local regulations and the person who runs has recurring monthly meetings with guest speakers on local regulatory changes.  

What questions should I be asking and how do I understand zoning regulations?  

But I don't want to assume anything and go strictly with numbers alone.

@Jason CoryI tried to look but didn’t find any regulations around revenue tax to city.

I did mine that way, I found a simple family investment partnership agreement and used that (it was not strictly real estate related, so it won't work for what you want).

Account Closed I am well aware of the typical structure of loans with regard to regulations and the criteria on why a bank would and wouldn't finance the deal.

So I would need to heavily regulate the rules and stay vigilant meaning more legwork and headache.

How do I find out what Section 8 would pay per month or I do strictly go off the applicants listed income?

@Susie Wendel From what I have found so far, it seems that the city of Jackson itself, though priced attractively for investment, is not really investor friendly due to city regulations and such.

Tommy,From a strictly Insurance standpoint, the normal cautions apply (flat roof, knob & tube wiring, lead paint, fuses, Asbestos siding, etc).