Michael Conway I represent several large hedge funds and many private investors that spend under 50,000 in Memphis and we have ROI's in the mid-teens every year and I can show you actual results.I'm a fan of that exact price range for several reasons!

Other than a quick year at ASU back in my late teens, I have spent quite a bit of time in Arizona the past few years and have grown to love it.

I see no reason why investor cannot get 8-10% yields and upside in the high teens to 20% on total return.  

I manage hedge funds and local private investors and we are able to show you annual returns every year in the mid-teens.

Even at 1.5% inflation you're looking at the mid-teens percent higher prices. $700,000 in 2005 dollars is closer to $800,000 in 2016 dollars.

My program for my clients models the "BRRRR" strategy and we are having a ton of success with ROI's in the mid-teens on a consistent annual basis!!

I have no experience with apartments except from reading and podcasts (and some units my dad owned when I was a teen - which required a stare down with a tenant in a karate gi).  

Kids are teens now and we are settled to where I want to live the rest of my life. 

There are many products and strategies you can take in Memphis and I will be happy to share with you our program and how we have seen returns int he mid-teens for years now. 

I'm happy to answer questions on how my clients are earning ROI's in the "teens" in an annual basis.