Personally I don't think Santa Rosa and the surrounding cities are the best place to look at the moment unless you want to do a flip, and even then most of these communities are so new that the houses aren't really that old.So depending on what you are looking for in an investment I may look closer to the I-5 corridor rather than the 101 corridor.Also in response to @Michael Lee, while I'm not an attorney, I would definitely think twice about registering a LLC before you find something. 

You're right @Adam Christopher.

Originally posted by @Adam Christopher:...I also think the 2% rule is for multi-family units.

-Christopher

Okay back to Chatt ;)I couldn't name the zip codes, but look into the East Brainerd area and even in Cleveland next to Lee University.

Eugene Lee , I'm not expert but I do live in Memphis and I'm a data analyst by day.

@Christopher Hu you can certainly ask your realtor about this but most sellers will downgrade an offer if it comes from a national bank.  

Thank you Christopher for this great information, this is all very helpful.

Let me know any further questions you may have,William Lees Jr

Agreed with @Christopher Phillips in that rates are only going up.