Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

In my opinion, I think it is so effective in real estate because investing is such a “team based” sport and there is a limited amount you can do by yourself.

But in this case, it didn't, for a couple of reasons 1) @Alex Craig (while his choice in sports teams is questionable, his knowledge of Memphis and Little Rock real estate is not) made a great point about some good B class areas being just down the street.  

I would imagine there are  people saving well over $100 / week because they can't go out and spend money on drinks/ restaurants, sports events ( $12 beer anyone?

@Joaquin Camarasa A tenant I inherited was running the largest illegal sports betting ring in Denver.

Kids use them to connect their game consoles, family movie time, sports events, etc. 

Caverns, waterfalls and 2 active volcanoes that provide winter sports venues are a huge draw.

It becomes more of a team sport, but once you have your team in place, it works great.

Yes, you can buy units in Memphis for $5k per door and I know how tempting that looks for a California investor, but it's a contact sport and you need to be physically present to do a project like this.  

I personally love living in a big urban area and enjoying all of the attributes of it(walkability, mass transit, culture, diversity, incredible restaurant and nightlife options, architecture, pro sports, entertainment), but I realize that's not for everyone.