Other BP members might have a different perspective. 

Through your comments and blogs, it sounds like you're a true scholar of your craft and creating systems--and a perspective--that will readily scale in accordance with your desires.To answer your question, I'm currently based in western Wyoming.

Compare these financing terms to what other local businesses are offered by banks and you may have a different perspective.  

Now that I am an agent focusing on commercial and multifamily, I definitely have a unique perspective.

As someone who is relatively new to the Chattanooga market (<1yr), but not new to SFH investing, here are my observations:The goodThe average $/sf is fairly reasonable compared to markets of similar growth trajectory (again, all a matter of perspective and expectation)The rent to purchase price ratios are reasonable (>1%) in many of the sub-marketsTheir is still an inventory of distressed properties, unlike some marketsThe challengesThe desirable areas have a large inventory of "flipped" houses currently on the marketA lot of the sub-markets are street-by-street, and the "up and coming" areas are either very early in the cycle or are over pricedThe 2% cashflow properties don't currently have a good resale value, so recovering your initial renovation investment could be difficultTraffic has gotten bad, and will continue to be a challenge as Chattanooga continues to growIf you are serious about investing in Chattanooga and want to do it successfully, you are going to have to do a substantial amount of research and invest a significant amount of time into learning the markets. 

Let me know if I missed anything because I would really like this to work out for you, but from my perspective I don't think condos are good hold purchases in Bakersfield, and the flip potential is there with your first condo but not your second.  

Thanks for putting me some things in perspective for me :)

I personally am a Military Mortgage BootCamp Instructor (I teach VA loans) and a real estate investor myself, so I have a very unique perspective on how to help people just like you. 

To put it into perspective, if I was holding a standard sized broom or rake, I could reach up and touch the power lines.

@Jacklyn Pascual, consider one other thing: Being a bit older gives you a unique perspective and you can leverage many years of life experience.