I guess a fundamental question is why do you think equity is any more valuable than cash?

I would start by looking at the fundamentals of any area and let that drive the process.

Easier modeling: if you understand the fundamentals of real estate valuation, and are conservative (i.e. estimating a higher cap rate exit than when you entered, for instance, higher expenses than you estimate, lower rent increases than you think you could get, and still like the deal) then it's an easier job to estimate the potential return for an investment.

Lenders requiring insurance has been a fundamental element of risk management amongst lenders since the Elizabethan era.

You should post an intro in the New Member Intros forum.I don't think there is fundamentally a cash flow advantage to multis vs. single families.

I'm wondering if there are companies similar to Memphis Invest that have turnkey investment services for 2-4 units (ideally 4plex) in US real estate markets with solid underlying economic fundamentals.

Austin appreciation is based on solid market fundamentals, as @Jake Panko has pointed out.

Real Estate investing is a business that can be tough, but very rewarding if you have a great understanding of the fundamentals of Real Estate Investing paired with good sales & negotiation skills. 

I haven't done these in your area but the fundamentals are the same. heck with city zoning to be sure you can do the project.

The reason being is that I think those two markets offer the best combination of affordable prices and strong rent ratios with good economic and demographics fundamentals.