PCC is known for having really strict rules, just to key you know. I'm almost positive you would be able to practice nursing anywhere in the US because you are required to take the NCLEX after you graduate and that is what the whole country uses to issue RN licenses. Since the school itself is not accredited, I would only worry about the validity of my Bachelors if I intended to get a Masters or Doctorate because that is when your Bachelors will count. In the south, having a BSN only gets you about 50 cents more an hour at many hospitals, but I'm sure most hospitals consider it for advancement to other positions.
I am originally from California, but I went to school in Georgia and live in Florida. I know the waiting list thing is more common in California than in the southeast. Many schools
in the southeast as long as your GPA is above 3.3 or so and you meet the prerequisites and pass the required entrance exam, you should be able to get in on first try. No waiting list means some people may never be accepted. I have friends in California so I know that not all schools do the waiting list. Also, you need to consider out of state tuition, but I'm not sure if PCC charges more for out of state like other schools.
I personally would avoid any school that refuses to go through an accreditation process like the plague. Also, there are many bad reviews posted from former PCC students if you want to search those.