The NW side of the city along the blue line will always be a great place to buy long-term if you can afford it and the lack of cash flow.Neighborhoods I like are some of the same as @Jake Fugman. 

Welcome aboard playa.Thanks James I love how blue you are.

I agree with the majority of those blue areas.

They manage 1000+ properties, mostly blue collar properties I think. 

Good blue collar workforce with plenty of solid rental demand.

I have a person like this in Pawleys Island, Myrtle Beach, Blue Ridge, Tybee Island, Hilton Head, Savannah, Panama City Beach, Gulf Shores, Bryson City and Outer Banks.

Memphis can be tricky for out of state investors because of street by street differences and difficulties finding good tenants, especially at lower price points.As far as socioeconomic factors, Memphis has a lot of transportation industry businesses which provide solid blue collar work, and much of this stayed open as essential even during the pandemic.

We have several drivable areas (Smoky Mountains, Blue Ridge, etc. which seem extremely popular in these forums), however we prefer not to purchase in the mountains.

An investor friend of mine recently was sharing with me that the prices in every area in Dallas County went up so much, that now even the low income areas are seeing a spike in prices.One thing to consider are blue collar neighborhoods.

Such as, “Find addresses for all the little old blue-hair ladies in Arkansas.”2.Perform the task yourself, preserving each step, each link, each phone number (although, I have yet to ask VA’s to use phones.)