Hilliard, Dublin, Upper Arlington, German Village, etc (your downtown neighborhoods and great schools) are going to be a little better than the 1% rule and will get better with more units (we have a 3 unit under contract that will rent for $3000 per month for around $279k and they had 3 full backup offers).

Working class neighborhoodsParkway Village and Hickory Hill -38118, 38115 similar to WhitehavenWestwood/west Whitehaven - 38109 - some good finds.Germantown - $$$, very few deals in general as it is similar to Collierville, maybe some on western edges, but those are very hard to find.Areas to avoid:Frayser 38127Orange Mound 38114North Memphis - 38107South Memphis - 38126, 38106I hope this helps.

CHICAGO LITTLE VILLAGE 3 FLAT - Interesting opportunity.

Tax lien/deed investing is very local....while you can learn some general concepts, often the national road shows just don't know enough to talk about local markets.   

Joe’s (19151), Powelton Village (19104), Squirrel Hill (19104)East Falls (19129)Francisville (19130)B+: Ton of flips, new construction SF being sold, still a couple teardowns on the block, trendy bars and coffee shops starting to open.

When I was just a bit of a lad, and Westlake Village was just launching, my folks nearly bought a place there.  

@Imtiaz Koujalgi I may not be able to answer your Q's directly---But there is plenty of rental demand in OP/Prairie Village for higher end single family homes. 

Hi Everyone,I work for Stony Brook University and really interest in REI, if you have any deal in Three Village or Port Jefferson, please share it with me.Thanks

Typical Indy example (class B property, late 90's, 00's vinyl village):PP:    $120,000Rent:    $1,200Taxes (assuming same assessed value):   $200/monthLoan:  $96k (80% LTV) @ 4%, 30 years....

It's enough for them to understand you're investing and why and how, but without making all the villagers scream that the dragons are coming.