It's not a good sign, but wouldn't be disqualifying for me. it does let you know that the applicant is comfortable refusing to pay an obligation.  

They weren’t comfortable” Don’t do it.  

I got 6 PDX officers and another 10 or more folks  that left the urban environment for our burb or little 22k pop city. values are high still though in the city so there is that to..

You need to be comfortable that the value of the real estate you report to the custodian will pass an IRS audit. 

No one wants that.In today's environment, try to set the interest floor at 7%... more of you can make it work.

There are conventional loans as well with low down payments and the PMI falls off once you reach 20% equity.In this higher interest rate environment, lower down payments does make it harder to cash flow, so just keep that in mind.

Visiting the property is up to you and your comfort level with your property manager, home inspector, etc.

Choose the market you are most comfortable with.

These markets are very large in NC (comparable and larger than Fayetteville) providing for great economics as well as a more diverse employment base.Doing a renovation is not as intimidating if you have the right team that can provide you comfort with before-and-after's of other projects they've done, plus accurate $s surrounding those projects.

It's important to address this issue to maintain a peaceful living environment and protect your floors.