Also something I am wondering is would I need to provide proof of employment in the state I’m trying to move into?

If not, how can I go about obtaining something like that or can I even obtain a soft proof of funds letter?

A landlord could be kicked out of the program for good if HUD has proof to do so and they take it serious.  

But I would be much closer to run unless you can get exact specifics on when the issues will be addressed and see proof it's being done.

When paid in cash also obtain some kind of proof of payment. 

When it's been a while since I've gotten a good deal, I find myself trying to look at any deal that comes across my desk with rose colored glasses instead of being as critical of them as I should. 

Because most want a magic bullet without taking action and the results are the same.  

Now I have a question regarding when I can use my college degree and job as "proof of two years work" rule: when can i show consistent paystubs where i can be considered for a mortgage loan?

When you present your offer, include proof of funds and a resume of real estate owned to show you're a serious buyer.

Investing in Punta Cana might be right for the right kind of buyers (like maybe lifestyle buyers interested in getting a little bit of extra income) but they should make sure they know what they're getting into and don't look at the opportunity with rose-tinted glasses.