Best locations for investing under $50,000
Hey BP!
I'm wondering if anyone could provide some input on locations in Memphis for my first investment property. I don't want to be a slumlord, and vacancies are obviously important, but i'm looking for cash flow. Just like many areas I understand this can change from block to block, however I would like to narrow down my search to B/B- class neighborhoods, with a max price of 50K. I'm more interested in multi-family units, however is the numbers work I would consider SFR as well.
Can anyone give me insight to this neighborhood...?
Semmes St, Memphis, TN 38111
Seems like it could be a dangerous... typical vacancy rates?
Any information is good information! Thanks everyone!
Michael Conway