I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person often. 

Investment Info:Single-family residence fix & flip investment.

If my target would be low income residents, are there any grants, tax credits, or funds available to help me with the conversion? 

This made it much easier for them in terms of moving as they didn’t have to be rushed.So I don’t “advertise” any incentives, but I do what I think is reasonable if I think they will be good tenants. 

For example, with 5% inflation, a $100 basket of goods today will cost $162 in ten years.

That path does not end up in a good place. 

Are you/your partner(s) foreign nationals or non-permanent resident aliens?

Quote from @Irina Badal: I heard for anonymity purpose it’s advisable to set up a personal residence trust.

I have only had good experiences with Norada to date.

@Jeremy Zalman good point.