I figured it out. The problem was that the folder location started with "\" or "/" - which can work in the other camera models. It doesn't in this camera, so I had to change my folder location from "\Mail" to "Mail". It also won't accept a blank entry, so I had to configure my FTP account's default folder location accordingly.
They may want to fix this for the next firmware release as it is not consistent with how the other cameras accept folder locations. What is interesting is that the "\" would prevent the camera from even initiating an FTP test or connection.
Regards,
Mike