Then, you will be looking to get new tenants but maybe all applicants are having trouble keeping good jobs so you are forced to drop your asking rent to get it rented to a good applicant who makes enough money.  

Eventually, I think this will sort itself out and the flood zone houses will drop in price accordingly.The other thing about Troy is that some parts of it seem to be revitalizing, but others seems stuck in the 1970s.

Dropped the value down a lot.

Let's say you put  3.5% down and then the housing market drops by 20%.

It may not even be your tenants, probably someone's BF/GF using your house as the drop off/pick up so they don't get caught and aren't tied to your place.. .. but at the end of the day, it's that tenant who's causing the disruption. .. 

Dropping as onsite manager is one thing and moving-out is another - - make sure you understand there are different procedures here.

Is this a sign that this is not a good time to buy and I should wait until prices drop or am I looking in the wrong places for deals?

if the value has gone up and theres been enough pay down a new loan might drop your payment enough to make your numbers change.  

If you drop down to SFHs why not do it as a flip as opposed to a hold.

It is better to fail (forward) towards progress, than drop off a cliff (by taking out a second and doing a really big, bad first deal).I see you are in Maryland.