My apartments are in a lower income area, so I don't want it priced too high where it is going to scare them away from applying.

AZ is not prone to major natural disasters so investing there is less risky with regard to those types of setbacks.  

Same applies as far as materials overhead and profit .

Is there other market wide metrics that apply here? 

He is heart broke because she wants to apply for a Visa to the US to get work and maybe move there. 

I would imagine most misrepresent their sources and uses when they apply for their financing.

There is no chance home owner can mediate, apply for loan modification (which is a predatory disaster in itself) , reinstate or retain the home two days before auction, when they have zero funds and ability to do it.

•If you can, raise rents or find ways to increase the property’s income before applying again.Have you already tried talking to multiple banks, or is this feedback from just one?

For instance, things like death, divorce, job loss, natural disasters, heath issues, etc may cause you to change your plans unexpectedly and may change what you do with your home as a result.

.- Generally the same logic applies as above.