Can I enter the home?

One dip in what the market dictates (or if there is one tenant that simply paid too much in this case), and it could throw you into a loss for awhile. 

They tried a pilot program and decided not to enter the market.

But its likely you are simply overestimating the effect of an inquiry. 

The offer was simply rejected.From this analysis, do you guys think I'm doing something wrong or missing something, or am I following the right steps and just haven't found a good deal yet?

@Joe Threats You're assuming a lot of risk by going with a HML...and you're going to get killed on points/interest...my personal opinion is that it doesn't make sense unless you are entering a huge equity position from get go...risk may bring reward.

Flood determination is simply someone cross checking the address to see if it falls in a food zone.

If I could just pick your brain for a second...in what I do, inexpensive rentals and handyman rehab, I simply HAVE TO HAVE a highly reliable HVAC/plumbing guy for AC/furnace and boiler repair, replacement, and maintenance.

It may not be as glamorous, but it has opportunities that many people miss.If you let me know what you are looking for I can set up a search in ARMLS that will automatically email you listings that meet your criteria, and any updates like price reductions, as soon as they are entered into the MLS.

I simply hand write down the address, county, parcel ID, etc.