It's a very stable market, and despite the permit for construction (residential) has slow down considerably, the price remains very stable.

Another concern I have is I have not had a stable job in the past 3 years.

We are so excited to get started on building a more financially stable future!

With in 5-7 years I would like to be able to financially stable, that is to say that at this point I can cover all living expenses as well as be able to be able to purchase a car, or new appliances, or cover medical bills, all without having to worry about if I'll enough money to eat that week. 

That said, I thought Memphis had stable multifamily complexes once the price tag reached over a 1M or so.

Finding a stable undergrad....now that's another story!

Not hugely below (maybe 15%) since the properties are new and in a top shelf neighborhood, but for something that is as simple as turn key I see it as the best of all worlds. 

Generally though, the returns in Manhattan and Brooklyn are rather low (I assume because of "stable" property values and appreciation) but with some digging you might find a very good deal. 

Both tenants are on the lease (were a couple but now are separated due to serious issues involving the Police) and have stable jobs.

Many that do have more stable situations are largely in the real estate game (to varying degrees).