"Flipper" is more than just the name of a famous television dolphin, folks. And if you are one (the real estate variety, not the TV dolphin kind), then Memphis, Tennessee, is the place to be right now.  Memphis has long been a hot bed for the long-term buy and hold real estate strategy, but there is room on that list for other opportunities.  With the real estate climate heating up and the opportunities staying hot, Memphis has moved up on another real estate list.