Construction companies operate differently, and assuming investor grade or semi-investor grade, a 20k ticket/AR could cripple their operations for months if not year or so.

Memphis as a hub for shipping and flights is not going away, it's location on the Mississippi should maintain it's economic viability, especially as agriculture and materials continue to use the River system.  

The answer was 30K per unit (new roof needed, water damage to supports inside, and foundation cracks, just to name the big ticket repairs).

I passed on KC as a market because it is a bit too far for me to drive there myself and flights there tend to be expensive, although there certainly were deals with good cash flow.My advice - pick a market based on criteria important to you, contact the turnkey operators, visit the market to look at deals and see their work firsthand (very important), find ones with cash flow that meet your criteria, and dive in. 

That can be quite a ticket …up to 30K if HVAC guys went crazy. cook county is one of the most corrupted places in US and A so HVAC guy might have retired on that deal.

I am in the process of buying my first rental SFR in Independence, but not as a turn-key.The most important suggestion I have for you is to drive up to Ronkonkoma and buy a ticket to Kansas City from the friendly people at the Southwest Airlines counter. 

We should obviously go take a celebration flight!

I downloaded the ultimate investment guide and I have an 11 hour flight coming up so I intend to have a lot of reading to do! 

I don't care about % capital gain as a metric (this article) because I can't buy beer or airplane tickets with that (unless I sell and then I lose the cash flow...).  

For instance, if you are cash flowing 100 per door and your travel costs are 600 dollars total flight and accommodations then you are using half your yearly cash flow in travel alone versus 100 per door for 100 unit complex.