Quote from @Becks Hodge: HI @Grant Shipman! 

They can be had for 200-300 for both king and queen when on sale.EDIT - For example - https://austin.craigslist.org/fuo/d/round-rock-king-bedroom-... 

@Son D.

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You can tell the difference between slums and prestigious areas, there's your class D and class A.

Hi Matt,Memphis holds a lot of hidden opportunities.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Not helpful to have the issues acknowledged, if there's no resolution. 

Quote from @Nick Henry: Hi there - I am starting out in real estate investing and am trying to build a portfolio of rentals that can produce enough cash flow for me to eventually leave my job and make real estate my main job.