Not that I've ever done it...but I've bought from wholesalers and declined about a hundred times as many deals as I've bought because they weren't good enough for one reason or another (usually insufficient rehab allowance or over-optimistic ARV projection).Now, on to your question. 

Needless to say, I declined the application.

.❌ Both state and metro populations are increasing - Memphis population declined by 1.7% between 2017 and 2022.

do you have any concern that revenues could be declining due to increasing local competition and renters preference/ability to travel elsewhere post-pandemic?

Today we are in a declining market with experts predicting a pending recession and property values dropping 10-20% in some markets. 

One of the 3 has a current address mismatch, but all of them are recommended as DECLINE.

It is unlikely they will do that so you should politely decline.

If I got it, then the erosion in purchasing power (the inflation tax) has been compounded by the decline in average per capita income over the past few years.

Most tourists and expats go to Ambergris Caye when they are in Belize, the mainland is still fairly well under developed, not so on Ambergris Caye.I am investing on Ambergris and may be biased, but there is a reason why I decided to, and if you look into the growth drivers in the Belize tourism industry (20% growth 2009-2012 in all of Belize, 57% growth on the Island of Ambergris Caye) you will see some of the fastest growth rates in the Caribbean.So it all depends upon what your investment philosophy is, I buy for long term cash flow, back end appreciation is a secondary consideration, costs of land are low in Belize (even on Ambergris) relative to the nightly and weekly rental rates that are being attained in the market.During the recession Caribbean tourism dropped 20%, in Belize it dropped 1.8% and although sales volume declined, sales prices maintained.So I believe It is best to speak with people who actually have the data on a market and are also directly investing to get reliable information.If anyone would like me to send them the raw tourism numbers, just e-mail me, I'd be glad to.

have you gotten your offer declined just to find out that later a offer of lessor value and with more contingencies has being accepted over yours?