I read on here that there are some parts of it that are reviving and are quite hot markets.The suburbs are a totally different story- several of them are very vibrant economically and socially.

Just adding to the topic, I last hung out in the area back in June after Social Grounds Coffee Shop and Hyperion Brewing opened and it was already feeling pretty vibrant.

I'd definitely explore some of the more vibrant parts of the city (Brady St., Lower East Side, etc.) and see what you can find.  

Also, I would say don't get married to just one strategy ... in dynamic, vibrant, and highly profitable markets like SoCal, the market is always shifting, which makes some opportunities more attractive and others less attractive ... the best long term professional investors I know in this market have the ability to shift their strategy as the market shifts to take advantage of the best opportunities available at the time, while still hedging their bets to protect their downside if the market shifts away from them on stuff they already own.

I see the future of real estate investing as one where the landlord makes a unit deeply integrated in the community and location, a trendy, vibrant home that transforms it from just a boring unit to more of a community hangout spot. 

It’s a young, vibrant city, where the unofficial motto is “keep Austin weird” and where the average age is 31 years old – a full 9 years younger than the state average. [2] Austin is home to headquarters for Facebook, Google, Dell, IBM, and other high-tech employers, which have given new life to the downtown, and have created an influx of Millennials and their families – all looking for a place to live.[3] With a strong university culture, no state of personal income tax, and world-class cultural institutions such as the LBJ Presidential Library and Museum, Austin is a great place for people to visit and to live.General Facts The population of Austin is about 842,592 (U.S.

It's a vibrant community with alot of restaurants and other activites and there are quite a few homes and townhomes in your price range.

You can get multi-family properties down there a lot cheaper than up here and there is a very vibrant REIA for tips, property managers etc...

Poly started flaking right off. so now one door is flat and stain is less vibrant compared to the rest.

. :)  and yes, @Carrie Carlton Midtown remains one of the most vibrant and desirable living/investment areas in Memphis.