However, I noticed that as a Costco member, they also offer HVAC services, including the same product line (Lennox), along with a 10% Costco Shop Card if you go through them.Has anyone here used Costco for their HVAC needs?

I could be wrong but I am unfamiliar with any products existing.

And there are some investors who go for those lesser quality areas, because they have experience in those types of properties and know they can buy there inexpensively. 

These are the product of much discussion as it is!

I had a call with a loan officer yesterday and I am very intrigued, but haven't heard much in recent discussions for this product or found anything in the search bar for this bank. 

I would confirm by seeing the product then going out and checking comparables in that market that have sold. 

Thanks What loan product are you shopping for?

The 2008 timeframe was different and in situations a lot harder than now, but this market will shape a lot of investors that found their new market, product to focus on, and/or to dive in deeper when times get tough.   

Full disclosure, I only deal in LTR at the moment, but I know when I am not getting the quality applicants or volume that I want, I will lower the price by $50 to $100 per week to spur more applications. 

If your product is nice, I believe you'll attract the right kind of renter (factory worker, lineman, etc).