Combined that with segregation, red lining, and lower home ownership (read above average # of renters compared to similar sized cities) among the majority demographic will leave an outsider investor who doesn't know Memphis searching for cash flow gold and losing the equity battle. 

And you're going to very clearly imply that they should be grateful about it, because after all, increasing these people's "financial literacy" and their "economic stability" is a good thing.This is going to happen in Georgia, a state where your great-grandfather would have had the legal right to buy their great-grandmother and do whatever he wanted to her, your grandfather might very probably have been able to get away with murdering their grandfather with a knife or a rope as long as he had some good friends with him and a sheet over his head, and your father would have had a chance to live in a neighborhood which allowed him to borrow money to buy a house while their father lived in a neighborhood where a mortgage could be refused due to an arbitrary red line on a map.I do not believe this is going to go over well.

We had a bank here in Memphis come out and they said they don't invest in that location after having the address for 3 weeks and ran his credit. local commercial banks have every right to RED Line..   

Huh, I just came across this as well and can't really find much info but my BS-o-meter is pretty much redlined. 

Wholesalers mostly work properties that Realtor's would have a hard time selling (needing lots of repairs), attracting qualified buyers to (red lined, i.e. conventional financing not available), or commissions are too low to interest them (low sales price).  

My current situation: The Seller's attorney has red-lined my initial contract and I need someone who can read through the red-lines and provide advice and additional clauses (if needed).

What you are wanting to do is dangerously close to redlining or steering if you aren't already there...

I would lean towards younger if you were able to tell their finances were in order.My only concern with the older tenant is that her history shows she redlines her finances, and with the average person history shows more about someone than just their willingness to change (think about how many new years resolutions go undone).

If you can get a property along or near the Blue or Red lines you should be in good shape, but they will cost more.

I know belmont cragin area is less pricey than even uptown since they are redoing the wilson redline.