He rejected it.

The NC SOS will reject LLCs using certain words and phrases that my be prohibited by law from using in your business entity name unless you have legal authority. 

You didn't list very much information as to why your having trouble so it's hard to say what's causing the banks to reject you.

I recently heard from another agent in Pasadena, Ca. that some agents immediately reject any offer coming from Quicken loans, Loan depot, etc. because they have had so many issues closing the loan.  

I have considered C- areas (Mediocre schools, little bit crime prone few block away) where I can afford cash purchase but have rejected the idea as I am worried about the direction these areas will go in future.

Trust me, I get rejected all day long, that's the game. 

Because it is simply a ratio of the property's annual net cash flow and the initial investment, it does not consider the changes in equity that happen with amortization, one of the most salient aspects of investing in real estate, unlike what is obtained using a cash-on-cash return with equity analysis.A reasonable client recently rejected a potential deal based on the disparities that exist between what an online buy and hold calculator showed for cash-on-cash return versus my analysis, which showed a 4% improvement in ROI by taking principle reduction into consideration.

Or, can we reject someone like this and choose a more qualified applicant, even if they apply after a technically qualified prospect applies?

The executor can usually sell estate property, pay taxes, and approve or reject claims from creditors without court supervision.

After all the reading, literally hundreds of Podcasts, forums, Youtube videos, offers, and rejections, I've closed on my first deal!