Targeting Areas In Memphis

[Jason Stubblefield]

I'm looking to invest in the Memphis market and I was wondering if anyone could help me narrow down areas to focus on.  I have have limited funds for the number of homes that I'm looking to purchase.  I understand there are some great areas and some not so great.  I'm looking stay around the 50k mark with each purchase but I know 50k in one area can be drastically different then another.  While digging through the forums I found this great map from a couple of years ago: Memphis Area Map. Can anyone advise on how to best use this map for my situation (i.e. focus on the orange/yellow/purple etc)? Or if anyone has strategies for winning in lower priced markets, I'd love to hear them.