Advice on Turnkey cities (Memphis, Indianapolis, and Kansas City)

[Ken F.]

Hello All, Id like to hear some opinions/advice on my current rationale in determining where to pursue my first out of state turnkey purchase.  (I want to keep my purchase under $100K)

My first step - determine my market (narrow done to one).  I am down to three - Memphis, Indianapolis, and Kansas City.  My research tells me Memphis may have the best overall cash flow, however not the population and job growth (or appreciation).    Indy seems to have continued growth; an overall better location for a long-term investment (with appreciation).   Lastly, KC seems closer to Indy...however I have not found anything that makes KC stand out over Indy.

Question - should my price range ($60-$100K) determine the better market for me?  Am I underestimating Memphis for not being a booming growth city, and I am overestimating Indy for appreciation (such that my purchase would be on the lower end and not be overly significant) and I am missing something in KC that I have not uncovered? 

really looking forward to some your opinions...thanks, Ken