Cash flow is a secondary component...and if you have W2 income, it's not all that important...the better play is long-term equity...anyway,What's the situation?

There are lenders in Oregon and Washington that will provide funds to bid.you must deposit 20% of the bid amount with them.. so lets say opening bid is 200k you need 40k.they put up the rest.. then they take a security interest in your trustees receipt and put their name on it to protect them.then once the trustee's deed comes they roll it into a normal HML.. with Deed of trust and note.they will also provide the lists and do the bidding for you.. their is a fee for each ala carte component.. so there has to be significant meat in the deal to make this work for the investor.. its a flippin money machine for the lender though. 

Your tenant damaged an essential component, rendering the entire unit useless.

Broker brought deal to the table, it had a affordability component to it so that gave us an advantage How did you finance this deal?

My plan is to get into long term MF 5+ units for a buy and hold strategy, mixed with some BRRRR components.

Pre-Payment Penalty: If they have one, is it a flat penalty or does it have step down component like 6% of loan amount if paid off in year 1 / 5% if paid of in year 2 / 4% if paid off in year 3 / 3% if paid off in year 4 or is there a loan yield maintenance fee if paid off earlyUse of Funds: What are the funds being used for?

I personally would not invest in an emerging market if there were no value add component to the deal.  

Even so, the ACS is really the most reliable data source I can think of. https://factfinder.census.gov/bkmk/table/1.0/en/ACS/16_5YR/B07007/0500000US19153.16000PIf it helps, here’s a link to a table with components of population change in Iowa during this decade.

It has a small mixed-use component that works with FHA funding. 

See remaining balance.principal, interest, taxes, and insurance (PITI)The four components of a monthly mortgage payment on impounded loans.