Looking to invest in Memphis.

[Eric Hyde]

Hello hello! I am a new BiggerPockets member and have so many questions! lol I've researched so much lately and love it! My research has led me to look into the Memphis TN market. I'm looking for discussion on the matter, please. I live in California so I love Memphis for so many reasons. Price point, growth, employment, appreciation forecasts (roughly 4%). I'm also debating between a conventional loan (longer process, more hoops) vs a HML. Thoughts? I don't want to rehab a property and would like to buy and hold a rental for under $150K. Memphis appears to have good price/rent ratios.

Thanks in advance!

Eric Hyde