The dumps in those neighborhoods can be bought in the low 5's. ie.

My passion is to invest in real estate as well as provide my level best in assisting others with their Real Estate needs.I look forward to engaging and being involved in reading/analyzing as many blogs - books - podcasts - personal experiences to which can help benefit me and others positively within the realm of the Real Estate industry.Thank you for taking the time and reading my post.

I've heard Memphis has good rental deals at low prices. 

I'm considering pursuing flipping. I have about $50-75k in cash I can dedicate to this, and I'd like to fund the entire operation in cash (purchase and rehab). This is impossible where I live in nyc, so I'm wondering ...

Ideally my first deal would be a flip in the low 100k range.

I imagine somewhere in Dante's levels of hell, management of these types of properties in Memphis fit somewhere.  

The Lowes or Home Depot cabinets that come pre-built are better quality and don't cost that much more. 

Strong ethics.And beleive me in my 20 years of lending in the Turnkey space I can tell the difference between the low character guys and the guys that will stand up and do the right thing.

Commercial loans are generally 20 or 25 years amortization so the minimum payment may be almost as low as a 30 yr conventional mortgage if you factor in mortgage insurance (at least for the first 5 years).

14 units with 3 commercial spaces on street level.