Interest rates are still historically very low and it sound like you have about ($415k x 2 = $830k - $325k =...) $505k of equity!

Any decent size city has some areas that are nicer than others so of course Pensacola has some areas that are run down but it also has some really great areas, a lot of natural beauty, some charming historical areas, proximity to two beautiful beaches and a lot more to offer. 

This is because RE markets are efficient and homes with best initial cash flow are typically in historically poor (often below the rate of inflation) areas.  

@Brad Neihardt it would have to built on an environmental anomaly, in a flood zone, be a historic property, or have active knob-and-tube to have a rate like that...but there are lots of variables Good luck getting some better rates

They base their allocation targets on historical risk and return profiles, as well as high-level macroeconomic trends and forecasts.CalSTRS target Asset Allocation is reflected below: Within each asset class, there is further diversification.

Oklahoma City, historically, is a stable, linear market.

As long as the property isn't in the zoned areas near the historic districts downtown then I thought and am pretty sure you do not need a permit.

For example, most of my current deals I try to have zero loan points because I care more about having enough capital towards future deals than I do about getting a 0.25 or 0.5 point reduction since rates are the lowest they've ever been historically.

That has historically limited appreciation I'm TX.

It is very simple to see in historical charts that Crisis Days Occur approximately every two years.