Lack of water?   

The borrowers pay significantly less for those appraisals; they usually lack vital information, tend to be performed to much more “lax” standards, and often lack good decision making as to comps, capitalization rates, and adjustments of value between the subject property and the comps.  

Look at the debt expenses, lack of savings, and then look at the flight to quality in passive investing vechicles(nvidia,s&p index).

**Verify Employment and Income Directly**: Since they might lack a U.S. credit score, contacting their employer directly can help verify their job status and salary.

Quote from @Doug Stankavich Stankavich: Update from my limited experience: My brother-in-law no longer works there due to very confusing and shady communication or lack thereof. 

Excessive complaints or three violations in three years could lead to losing the ability to operate​.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o

Also - you probably wouldn't want to close on the property without insurance as you would also lack protection.What is the reason you can't secure insurance?

I aimed to provide more value than other Airbnbs in the area, but that also meant higher expenses on my part.One of the reasons I sold my Cancun property was the lack of room for increasing nightly rates.

There is a lack of good management options up there so I manage myself.

Their lack of excuse really doesn't change anything because this isn't or at least should be personal to you.