Big enough for entertainment, recreation and convenience, but safe enough to raise a family.

If you are asking that question, either you aren't ready yet to start this type of endeavor or, you (or me admittedly) are missing something with your question.You can buy REO property from the bank with piggy bank money, drug money, gambling proceeds, mattress money, draw against your equity line, money found on the street that fell off the back of an armored truck, inheritance, gift from grandma, loan from uncle Billy or, from hard money. 

If all you have in the area are convenience stores and adult entertainment clubs, then you'll get that kind of clientele.I rent solid "Class C" units to people who make at least 3x the monthly rent from a garnisheable source.  

It’s a gamble but has paid off for me so far!

Definitely conveniently located between Greensboro and Raleigh.

Feel free to throw this on another BP thread if you want a broader community opinion on this.To answer your question about why I'm choosing Memphis: it's really a matter of convenience.

Basically I have limited info on the data and projections and cant truly nail down income until i list the property, which really feels like a gamble vs an investment.

If they have the ability to pay going forward and if I have confirmation from the rental assistance program that they have applied and appear on its face to qualify then I would look at it as a "gamble".

The finished walk-out basement and one-car garage provide ample storage space or can be used as a family room or home office.Conveniently located near Route 29, NGIC, UVA, and Hollymead Town Center, this townhome is the perfect combination of luxury and convenience.

Sometimes we may see 5 homes at Sheriff Sale and want to bid on all 5 homes, the opening bid doesn't show up on the home right away and I find myself gambling on paying a Title company to do a search on all the homes and risk either them coming up to high for what we are willing to pay or possibly getting cancelled.