My question is....Does the currents tenants deposit transfer over to me incase of damages or if the tenants leave the place in tiptop shape requesting their deposit upon leaving.

Until you get no payment you really can't do much but wait.You could offer a early mutual lease termination with 2 month rent penalty all off the lease..All sign. and security deposit is returned after move out to parties as set out in termination agreement to be agreed on in advance in this case. but check your state landlord laws to make sure what you can charge for on that, each state has guidelines. 

Compare that to just giving the tenant their security deposit to get lost in x number of days.

Get pre-approved and become an expert in a market/neighborhood by looking continuously at everything on the market ... that way, when a good deal hits, you will be able to recognize it instantly and pounce quickly, because good deals won't last long.Another is trying to find a property "off market" by driving for dollars, door knocking and/or mailing rough looking properties, FSBOs, talking directly with sellers or distressed home owners who become sellers.

Look for bank deposits, checks paid, etc.Tax records are a good source as well.

Irish banks require 10% deposit on mortgage up to 220K and 20% down payment on anything higher than220K.

You have to pre-register for all counties and there is a deposit required of 5K for most counties. 

Blake King FDIC just means federal deposit insurance basically every bank in the us should have it.

If you get the leases everything you need to verify will be on there; security deposits, rent amount, who is responsible for what, etc. 

Where did you find the information on Mississippi, and when, as we didn't find any instant search limits for the state of Mississippi?