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

[Curt Davis]

$100k type homes in Memphis should still provide good cash flow and this is also the threshold where you will start to see some level of appreciation. Not sure how it stacks up to your other two market choices. The thing that would kill those markets for me is they have basements, you don't have that issue here in the south. 

Good luck