Most areas that aren't A or B neighborhoods do not support new construction without some outside subsidy funding.

After visiting these States, I just didn't see the benefit of investing in $200,000 in a B- class neighborhood in Ohio, which is a 5 hour flight away, when I could maybe invest a similar amount  in the California Central Valley in a C class neighborhood that I could drive to when needed.

I would have really liked to invest where i live, but Minnesota really does not have the price point for neighborhoods that will help scale Brrr.As I am just starting out i would like to start in zipcodes which are not already exhausted with Brrr investors. 

The condo is in a nice area (Applewood neighborhood) and is a 2 bed/1 bath and 836 SF. 

One of the keys I've found is focusing on neighborhoods that are on the upswing—places with signs of revitalization where you can still get affordable properties.In Memphis, I'd imagine a similar strategy would work.

And its in a great neighborhood!

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Competition and Listing Quality:If homes are staying on the market, it could also be due to stiff competition in that neighborhood.

To get pre-approved for financing, consider factors like neighborhood demand, cash flow, financing options, and long-term vision.Good luck!

- Which neighborhoods do you recommend for investment, and why?