Investing around University of Memphis

[Levent Caglar]

Hi

First of all thanks for everyone - this is a great site with good people helping each other and sharing experiences.  

I am exploring to invest around University of Memphis area and reading the posts. Seems like this is a very spotty area but if I stay within Normal Station borders , it is generally OK..  I have an opportunity to buy a 2/1 renovated property  for 120K with projected rental income around 1250.  It seems to be high for a 2 bedroom on a spotty area but  if UoM is driving the demand , it is understandable .. I am OOS and not familiar with the area and rental dynamics.

Any input is appreciated...