For most that will mean buy a house, live in it, fix it up, rent the extra rooms out to friends and then buy a new one and repeat.

@Tom Hayde Mortgage brokers frequently have contacts to help you get better loans.

WHAT I HAVE DONE THUS FAR: My research (frequent drives through the market) indicates that though Chattanooga is a relatively stable tertiary market, the MF segment in my target area (the downtown area) has high supply, which may take a while to move through the system.

Goal is I'd like to setup up more frequent payment to pay off early without having additional payments.Thanks.

@Eliott Elias, Actually there are a couple of ways frequently used where the deferred tax is never paid!  

I lived in it a year then moved out and repeated the process with an FHA loan. 

You already know what I am going to say.NOT because you at one time, managed to find a motivated seller that so=happened to be in foreclosure, or probate doe sit mean that pulling the foreclosure list you get motivated sellers.It is not a reciprocating relationship.Not because all dogs are animals, does it mean that by pulling the animal list, you will get all dogs.I repeat,Not because a seller has been in foreclosure does it mean that by pulling the foreclosure list, that you will find motivated sellers!

If the property is cited for repeated violations then yes.

I started looking at other markets so I could repeat what I achieved in Atlanta and continue to growing cash flow/income streams, but I am greedy, I want both cash flow and appreciation. 

I lump these together, because older items require more frequent repairs.