I have a rental house with 150K left on the mortgage, I have 200k in an after tax brokerage account invested in cash, stocks and bonds.

Not trying to scare you, but a lot of lawsuits happen because the landlord doesn't follow fair housing laws, or simply neglects repairs etc.

When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

In other words, I can afford the house with or without tenants. 

This facility has 144 Units and a 3400sqft shop house on the property.

Otherwise you could end up owing more than what the house is worth, which a lot of investors are struggling with now. 

As of today, the house rents for $3,400 per month and my PITI is $2,500 per month.

My wife is from a country that does not allow lending or loans to acquire housing.

@Michael Daniel Ultimately, it's all about confirming what the housing authority pays.

So the question is whether your house is a good rental investment long term.