I've even been discouraged while joining grant funded programs allegedly for "low income" buyers. 

By exploring options for cost-effective utility usage, such as installing low-flow fixtures and implementing irrigation systems, we can significantly save on water expenses.To keep things running like a well-oiled machine, you’ve got to have a rock-solid asset management plan.

People that are good at branding and review designation can bury those low reviews and I wouldn't want to own someone's reviews but I am not your audience as far as a projected buyer as we purchased ours for a deal and they are both higher end beach stilt houses that are side by side and neither had been listed as a STR on any platform, we built it up with a direct book site and also use the platforms as well as the local website in the area to book. 

During the 2008 financial crash, low paid, low skilled workers were laid off in droves.

I would highly recommend doing a renovation loan like the 203k or homestyle - you are able to leverage SO MUCH CASH for such a low down payment. 

Nor would I pay retail for a property with that low proforma return even though I like PR.  

Some lenders do see a 99-year lease..especially one that’s asumable..as pretty close to ownership, just with an asterisk.

Does anyone know a lender willing to lend on 40k with a day out of foreclousre up to 50%LTV with a low 500 credit score?

There are a million low cost or free options out there.

Tornado, wind, hail, flooding if in a low spot, general weather related.