Once you have managing it down and you've got some experience then you may want to consider making it section 8 eligible.I imagine you're going to get lots of responses telling you to avoid section 8 all together.

No way, I would attempt this with my experience. 

Hi @Josh TerranovaI‘be had section 8 tenants in Jackson for the past 7 years and have had a positive experience.

Since this was out of my experience I hired a "Structural Engineer" to replace all of the rotted out studs, reframe the wall, and a few other things.

Look for advice from those who have done it or join a group to learn from those with a lot of experience.

Experience with Distressed Properties: While it's true that many clients of real estate agents are looking to sell for a profit in non-distressed situations, investor-friendly agents specialize in or are at least familiar with foreclosures, short sales, and REOs (bank-owned properties).

🏡If you’ve had a positive experience with a home inspector or know someone reliable, please share their contact info or let me know.

I have been investing for more than 30+ years and had a terrible experience that is all documented.

You want to compare the experiences available there so you know where you have to land to be successful in that market as a STR.Furnishing is the main cost that I didn't see and @Bryce Jamison hit several other ones.

After this experience, he will most likely choose for future projects to call DOT or get an email with preliminary approval to use AASHTO guidelines in lieu of DOT requirements for your project.