A factor often talked about is Millennials, unlike earlier generations, don't want to buy they want to rent. 

Boomers were beginning to retire, while Millennials were too young to buy. 

Your buyer is going to be a young millennial family who is priced out of Fountain Square, Bates Hendricks, Herron Morton, etc.Spend the extra $25,000 on building a detached 2 car garage with alley access.

Just want to put this out there ...Millennials in the US get a bad rep sometimes while "foreigners" seem to have a knack for finding success.We have a couple of young guys in our group - they're in their 20s - who were born in South Korea, have been here and exposed to American English long enough to not speak with a strong accent, have been with our group for just over two years and have acquired access to $4.5 Million in funding. 

Specifically. places where the millennials are attracted to are interesting as they are becoming the biggest renter and homebuyer group(Note: Be careful with 'historical' data.

Which rental property do you think a millennial would rather rent; the environmentally friendly landlord with free WiFi, or the other one?

Adidas, Gucci, SnoopDogg are already in there, I think this is really happening but it won't attract all the generations to it, however it is attracting millennials and Gen Z.I think at this point there is very little information out there, the ones that are better informed are the ones making the big bucks, by the time that everybody realizes that this is multimillion "new" business, it will be too expensive to get it, just like many other trends.My very humble opinion.

Student loan debt stands at $1.5 trillion, inducing an average millennial net worth of less than $0. 

For cash flow: Memphis - also has one of the highest rates of millennials moving in.

I can see the added value of investing in the suburbs but at the same time (as a millennial) I am envisioning greater long-term opportunity in the city since most millennials prefer urban dwellings.I, myself, graduated a few years ago and still have some student loan debt, so I would prefer something that isn't terribly capital intensive.