I’m a little young but pretty adverse in Google Fu.

In order mitigate [1] the irritation and known adverse health effects of secondhand smoke; [2] the increased maintenance, cleaning, and redecorating costs from smoking; [3] the increased risk of fire from smoking; and [4] the higher costs of fire insurance for a building which allows smoking.B) Definitions. [1] “Smoking” means inhaling, exhaling, burning, or carrying any lighted or heated cigar, cigarette, or pipe, or any other lighted or heated tobacco or plant product intended for inhalation, including hookahs and marijuana, whether natural or synthetic, in any manner or in any form.

Without going into excess detail,  I believe only one of them would have a valid adverse possession claim, based on the dates the houses and fences went in.The crazy thing is that even Google maps clearly shows the conflict between the lot lines and their fences and sheds.

Purchasers of a property to be used as their residence seem to be more adverse to flood zone properties than investors.  

If a long term owner, investigate thoroughly, they could just be risk adverse. 

If you are more risk adverse, you may want to wait and save up the 20% and see if house prices decline.

If talking with brokers rather than direct Fannie/Freddie sellers likely to see higher rates as those lenders don’t want to be adversely selected and get all the rental home second home. 5’s would be a bit high I think seeing in 4’s mostly however if putting just 20percent down and low loan amount or low score could see hitting those numbers.

You may get stuck with a property to can't afford to fix up or handle any adverse situations that arise.

If you run background on them and end up rejecting them, you'll have to send them an Adverse Action notice (FCRA requirement). 

For all applications I receive but deny the tenant, I need to send them an adverse action letter via mail detailing why they weren't selected?