But remember, as these areas go up, so are other areas which will always make low income/working class neighborhoods cheaper to invest in.Hope this helps.

Even cheaper yet, knock on the door.

I have a friend who lives in the Kansas City area and I had thought about moving out there to invest with her since the prices out there in KC were WAY cheaper than here in Vegas but then I decided to actually just do something here. 

@Don Harris ok I will @Ryan Canfield it just depends on your budget, drive for dollars is a cheaper route and will give you somewhat of a exclusive list, definitely high equity, absentee owner 3 bed 2 bath 1500 square feet but it would be good to ask your buyers what they want.

Renting out a cheaper unit might help you.  

I tell people who want to get into the cheaper homes to move up a little in price and buy in 38128, to the east. 

Other ceramic tiles in 6x6 sizes are even cheaper.  

I prefer going with a cheaper spring loaded one in my smaller rental.

@Christina R. downtown the rents are cheaper than Mike mentioned, but most of those tenants have section 8 vouchers (if you want to deal with that) and they only live there because they have to.

You could do a small syndication and go out and buy property, close on it, fix it, and resell it within 90 daysCanvassing and prospecting CPAs and letting them know that you can help their clients get a good rate of return with real estate security at a low Loan to value of 70% or less I think is a good idea, cheaper money and no pointsRead @Brian Burke s posts for syndication ideasis a book at Amazon you can get called "IRA Wealth" that was written by Patrick Rice who advises on IRA loans