If you state that it will be used for business purposes or investment, a lot of banks and credit unions will decline it.

Lender assumes other risks of non repayment if borrower loses his job, death, decline in value... which aren't covered by any insurance.

That said, I know there are variations in C and I'm looking for deeper insight as to the safety and overall "feel" of the area, as well as is it progressing or declining.

Your creative investment strategy has risks like interest-only loans in a declining market and complex IUL policies.

Though I noticed when tenants bring in friends or even become friends, there's more drama and cleanliness declines.

When they found out one client is working with their friends, often they decline to work with that person as not trust worthy. 

There is a risk that your home value in a vacation market declines with lower revenues, and it may only net you 1m next year.

It doesn't experience the rapid appreciation that you see on the coasts but it also doesn't experience the rapid declines; that is to say we have significantly less variance over time from "mean" pricing.

Hey Ben,I would echo what everyone else is saying as I believe we are hoping for rate stabilization rather than a decline.

As mentioned above, condos tend to appreciate slower than SFH and decline in value quicker than SFH.