Its not ideal but it can stem the bleeding in your bank account. 

You can absolutely find this kind of inventory within Raleigh limits.To answer your question specifically - all of those cities have development through the rough - residential and commercial, more on the way and swelling buyer demand.

Plywood will swell underneath thru seams.

LVP is all vinyl, like a raincoat, so no water issue in regards to swelling.

I hope Mario can mitigage his losses by selling the property quickly to stop the bleeding, or re-tenant and refinance to less expensive debt but this serves as a case study on the perils of investing in lower tier neighborhoods.The amount of people on the internet and social media selling the false narrative of how easy it is to create wealth through investing in real estate, specifically these lower tier neighborhoods is upsetting. 

Leverage makes you bleed money when things turn South and eventually they always do because real estate is a roller coaster.

It is a click-type installation product and the thin edges did not show any signs of swelling or loss in strenght. 

The sellers don't want to give any more money away that is why the want to stop the bleeding and have you take it as is.

I do not flip (it is a job) and post rate increase I cannot find properties in my market (San Diego) that do not bleed cash after extracting the value. 

While you are waiting for them to leave, start looking for a property manager who can stop the bleeding.