For older demographics, consider the availability of medical centers, entertainment, and restaurants.Buildings/Permits: Assess the city's growth compared to previous years.Determine if the city can accommodate future supply.Government Regulations: Examine the city's efforts and the type of businesses they are targeting.

There are restaurants, there's entertainment, we have a local baseball team, plenty of museums including the National Museum of the U.S.

My point is, there are awesome, entertaining and painful horror stories out there on all ends of the investor spectrum.

It was entertaining.

Considering your criteria, Memphis could be a great fit:Affordability: Lower cost of living makes it accessible.Diverse Economy: Stable market with strengths in healthcare, logistics, and education.Growing Population: Steady growth can drive demand for rental properties.Youthful Vibe: Vibrant culture and entertainment options for young people.Real Estate Opportunities: Research neighborhoods for house hacking and investing potential.Ensure thorough due diligence, connect with local professionals, and align your goals with Memphis's unique market dynamics.

The city will be negatively affected if they do not diversify their product offering which is reflected in the reduction in gambling revenues and the increased emphasis by major casinos on entertainment (nightclubs and bars) as well as restaurants/shopping.Sukhbir

I'm sure they will get a buyer between 500-600, and I'd be downright shocked if they ever entertained 400k, but you lose every battle you don't enter, right?

The city is very diversified with high tech, entertainment, government, etc but it will be affected through less tax revenue coming to the Capitol city from places like Houston.

Thanks all again and hope this short post has been entertaining.  

With this in mind it seems that an investor could use some rough info to estimate if they would prefer to buy another property or entertain the risk to  build on an existing lot they already own.