Should the logical conclusion be we all invest in SF?

one benefit of INDY over Memphis is double taxation.. if you own property in the city of Memphis you pay city tax and county tax .. so one must be very cautious of this.. as property tax's are one thing you can't mitigate with better management better properties etc.And for a shameless plug on Brie's site you can take properties from each market ( since we are talking one VS the other) and plug them in side by side and compare the operating expenses from each and draw your own conclusion. one of the great things of turn key reviews.. this is were you can find some good numbers to make your comparisons when your talking one markets over another.However its still my humble opinion as one who has worked almost all the Turn key markets that they are somewhat interchangeable.. simply because the PP to rent ratios are about the same. and the renter demographic is the same.. so it comes down to the team.. that will manage your tenant base. 

(carries a bigger impact on credit as it is in fact, a credit risk)  The available funds in the beginning of the OP are around $20k (not sure if that included an allocation closing cost dollars)  So the natural conclusion here simply is, you can't afford the [right/correct] loan.  

It's kind of been a bust for me - though I haven't invested heavily in it sufficient to draw any major conclusions.

I do feel bad for the kid, he was excited about his first apartment and I can see how a young person never having done this would have jumped to that conclusion. 

This is an excellent analysis and a completely logical conclusion. 

What makes it harder is that the tests aren’t always conclusive and aren’t 100% accurate.

A .38 or 9mm is more than enuf.That's a very funny video, but I disagree with your conclusion.

Well there are a lot of different ways a Real Estate investor can approach some of the conclusions drawn in my article above if you are investing in agencies or franchisees.

I came to a similar conclusion after internalizing the question and speaking to some of my colleagues, that ultimately my success isn't based on where I start but how bad I want it.