Did they not have the funds to pay and are they going to wait till their opportunity to redeem it so I wont end up getting the property.

I promise you Ken McElroy is not sitting on the sidelines until the end of the year.But wont prices be elevated until then? 

Make sure the property is well insulated otherwise the tenants electric may be very high and its possible that in the very cold months the property wont get warm enough.

Though i wont fix repairs that will not difference between habitable or non-habitable if my renters decide they dont want to pay.

I am factoring about a 10% vacancy rate or about $280/month so with that my costs go to about $2,100/month. total monthly income will be $2,400/month for a net cash flow of about $300/month.My cash flow wont be as high as I thought because the week we were closing on the loan my lender realized that the back yard of my property is in a flood zone and they still require flood insurance even though the house is not.

They wont be homeless, they will be able to rent.

Some Loan Officers will do these, others wont waste their time doing these because of the cost to them and the time it takes versus the borrowers that don't need a boost.

I am not familiar w/ the property management license he mentioned that some states have so I wont speak to that.  

Sometimes a home will suffer by the others around it (like updates done or not done) and you've likely heard that you shouldn't buy the most expensive home in the neighborhood because the value of is dragged down by the other lower priced homes around it.  

The small amount that won't require PMI would be Non-QM but generally that wont accept less than 20% and then maybe some local credit union has a unique loan option.