Short Term Landlords in Memphis?

[Harsha G.]

Noticing numerous properties on MLS which are currently rented, income producing, and are under 1% price to rent ratio...and it looks like the current owners have only held for 1-2 years. They are on the market for >100 days at around the same price that they were purchased for. Any idea why investors are bailing on these properties? At face value, they seem like a great investment...what am I missing? Thanks!