The answers to these questions will guide you to invest in single family or multifamily, lower or upper middle class areas, stable or transitioning areas, and rentals or flips. 

@Josue Vargas Income is stable and good for my line of work, but it's not going to wow anyone.

As @April Crossley identified.. most CASH flow markets.. the values are simply what a cash flow investor will pay nothing more will be nothing more and the liquidity is limited to those looking for 10% plus returns... unless you rents go up substantially the value of the SFR's just never move and over time  you need higher monthly returns becasue your going to feed it right back in with cap ex and if you have a bummer tenant and every one gets one.. that cost you 5 to 6k in lost rent and make ready.. your cash flow home has now lost 3 YEARS of income.. so it will take you 3 years to get back what you lost and another 3 to get were you were , and thats if those 6 years run perfect.Whereas ,  West coast high priced Real estate comes with VERY stable tenant base and bad days with tenants while rare but its not nearly as pronounced when it does happen.. the properties can be liquidated in a matter of days ( instead of months or years) by simply listing them on MLS.and based on History if you own a rental in a high price west coast market.. you have probably made 50% or better in appreciation on top of someone paying off your property for you..

Class C+ neighborhoods, though older and generally offering affordable rents, can often be very stable.  

I would pull your money out and invest in some good turn key rentals in stable markets.  

@Patrick AnibaldiThanks for your reply.As a novice looking for his first turnkey deal out of state (living in CA bay area so impossible to do things locally) I'm reading a lot of material and would like to pull the trigger in a few months and Memphis is one of the most stable rent-to-value markets from what I'm reading.

I prefer 12 month leases, but I also do a thorough screening process in the beginning to ensure credit and criminal history are satisfactory and that the applicants have stable jobs/source of income.

"I echo these points.In any city you want to ensure that there are several industries that create a stable market.If you are investing near a base and have demand for your property from people who are not associated with the base, as well as those who are - then it's most likely a wise decision.

The home in located in Memphis, TN in a stable neighborhood.

Plus you’ll get better mortgage terms due to a stable income.