You will also need to shop several lenders as they all have different appetites, rates and terms and they can change anytime.

Either 1) get out of the way and let the market work, relatively free from restriction or 2) suppress market forces for so long that eventually the city decays as the original base of wealth is siphoned off by high taxes or those people choose to leave.

So, we will have a rapid recovery due to the suppression of markets releasing (that's what lock down is, a suppression not a decline) and the inflation will push things to appear as all-new heights (this is where politician fill-in-the-blank will take credit for things being "better than ever" because the DOW tells him so)There ya go, my 3 cents worth.  

Each bank has their unique appetite and products they offer.

Regardless of the perceived demand for housing, the actual demand ebbs and flows with the population and its growth or contraction.So, here we have a three-pronged puzzle:- Housing demand stays more or less on track- Housing growth is temporarily suppressed - Lending for home loans is severely inhibited by all the post crash checks and balances meant to tame a beast which has just killed itself.According to the laws of supply and demand, what happens to prices when demand outstrips availability (supply)?

By providing homes to others, you cause homelessness. 6) HOAs are just homogenized forms of oppression and racism supporting the historical patriarchal goal of suppressing marginalized communities by concentrating wealth and oppressing personal expression.

"interior/exterior" inspection is pretty broad, so think about what that actually entails.Make sure you check fire suppression equipment (smoke alarms, extinguishers) as tenants love to pull those off the wall and throw them in a drawer. 

That is, what is my appetite for cash flow vs appreciation.

That’s a tricky question, as it has a lot to do with your risk appetite, asset class, and investment strategy.

So basically there are some suppressed areas where prices can fall so low that that a bank will not even want to do a loan for it because the loan amount will not be enough to make it worth their while.