Best locations for investing under $50,000

[Michael Conway]

Hey BP!  

I'm wondering if anyone could provide some input on locations in Memphis for my first investment property. I don't want to be a slumlord, and vacancies are obviously important, but i'm looking for cash flow. Just like many areas I understand this can change from block to block, however I would like to narrow down my search to B/B- class neighborhoods, with a max price of 50K. I'm more interested in multi-family units, however is the numbers work I would consider SFR as well.

Can anyone give me insight to this neighborhood...?

Semmes St, Memphis, TN 38111

Seems like it could be a dangerous... typical vacancy rates?

Any information is good information!  Thanks everyone!

Michael Conway