In a free market the rents would reflect the scarcity of a great product but the government tries to meddle in the free market which at least in the short term increases the scarcity. 

Quote from @V.G Jason: Quote from @Chris Seveney: @V.G JasonI saw today that 30% of jobs now in this country are federal government or government contractorsWe cannot live off trillions of dollar deficits every year - employment is actually negative this year without the government.People lose jobs = cannot pay homes = homes get sold at discount = reset appraisals / lending… You're not wrong, just the sold at discount part I think the floor is going to be higher than people think.

You can assume any government loan as long as you meet the requirements.

I am interested in applying for government grants to invest into multifamily units for government housing.

Many lenders do not offer conventional / government loan terms in Puerto Rico to borrowers.

I would also shop with a local mortgage broker as currently United Wholesale Mortgage is running a 125 bps special on Government refinances through the end of September meaning if you did go FHA streamline then you should be getting a rate of around 5% (borrower paid)4) If you havent asked, at 700K+ loan tell your lender you want to go Borrower Paid and you expect them to only charge a 1% origination charge fee.

However we've been hearing a lot about how lucrative Airbnb and 30+ day rentals are, even to businesses/government agencies/etc. so are looking to connect with someone in that space. 

Also, this is a pretty comprehensive book on the subject: https://www.amazon.com/Subsidized-Comprehensive-Government-F...

Mortgage rates declined to their lowest levels in over a year, a sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages.

So make sure the reasons aren’t protected reasons and be prepared to defend those reasons to the government.