Hello Kearsten! My name is Bernice Retzloff and I am the in house realtor at Foundation Property Management in Memphis, TN.
Investing in Memphis, TN could be a great move for you, especially if you're looking for positive cash flow. Memphis has a pretty affordable housing market and tends to offer solid rental yields, which might align well with your goals. The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.
Of course, it's always good to dive into specifics about the areas you're considering within Mepmhis. Some neighborhoods might offer better returns or be more stable than others, so local insights can be super helpful. If you're looking at this from a distance, connecting with a local property manager could give you a clearer picture of what to expect in terms of tenant demand and property management challenges.
Let me know if you need any more info or want to chat further about this.
I hope that helps