They have low 20% ltvs and have market values in the ~350k.

Expect very low LTVs (we're talking like 40-60% down minimum), much higher rates, and very long close times for out of country financing. 

Currently looking to purchase a long-term rental and have heard of some of the low or no percent down options such as with creative financing.

In my Carolina Beach market you get solid 2/2s for 575,000 that gross $55,000 for example with pretty low HOA fees annually 7000. 

HI Pinny,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

That is a concern I share, giving up the low interest rate and some cash flow on the LTR’s.

Also they are saying they are not safe.our property is in a low crime area and never had issues.

No eviction protection so since you gave to settle on someone with and low 600s credit score if you have to go to court they get to charge for their time on that. 

If you're aiming for growth and can secure a low-interest mortgage, financing might be the better play.

I would just make it clear to the tenant the length of time this will take and that there will be no further rent reductions because of any inconvenience.