That well has supplied water to my new property for 40+ years.

So logic dictates that eventually demand will exceed supply in greater numbers within the next few years and we might start seeing higher rent growth/appreciation again.However, I don't know that it means you should lose money every month in the hopes that eventually happen.

During the session, they will ask you for financial information (nothing sensitive) under the guise of seeing what type of loan you are capable of getting. 

Simple law of supply and demand.

A big factor to these approvals is on the operators involved, confidence in there capability.

Demand outpaces supply in these areas. 

Building permits, a leading indicator of future construction activity, were up by 1.5% to 1.80 million units.Rent costs rising over the past few years could finally be hitting the consumer's wallet in that they are becoming weaker and unable to afford higher rents.Also, looking at the housing starts data, new supply may be entering the market finally, causing prices to drop as consumers have more options. 

Look into signing up for a Sherwin Williams PRO account - you get discounts on paint, supplies and free delivery.

"North Carolina has increasing supply, so rents are falling today.  

I also see that if I were to invest in Park County, the best zip codes appear to be Wapiti followed by Ralston, however it appears few people live there, making supply scarce.