I plan on driving the neighborhood but does anyone have any alternative ways to find out what kinds of properties are in a certain neighborhood?

@Tiffany Archer - there are plenty of bank alternative lenders that can provide permanent financing for your deal. 

The cost in engineering fees, permitting, commissions, attorney fees, market analysis and development, utility engineering, water / septic concerns (possibly even having to build a sewage treatment plant), architectural fees.......etc... just to get to the point to determine if it's feasible is absolutely staggering. 

You might want to do a bit more research on alternative fillers.

Alternatively, "Seller shall contribute up to $100 to remediate mold." 

There are alternatives to consider as their are several turnkey operations in Memphis.

If you report the property as an investment, you depreciate and get better tax treatment.  

Alternatively, some places are constantly jacking HOA fees because a few people who get control of the HOA want to live in the Taj Mahal. 

I am not sure I can find a better alternative investment if I don't ? 

Also as a high income earner, you are likely going to be able to get into crowdfunding and many other alternative investment vehicles.