Economic Development Administration of U.S.

I don't think any bank will let you take on a second like that, especially given the current economic environment.

If not, this is exactly the type of investment (early build in a high volume development) you should avoid if you think there is a chance of an extended period of economic weakness. 

In speaking to a local RE manager, he strongly advised that if I were to buy such a property, is it imperative, given today's crisis coupled with the fact it has never been rented, that we include a condition that the sale is conditional based upon the ability to enter into a rental lease within 30 days, for at least one of the units.The seller's agent (not surprisingly) asserts it will rent in a week. 

I was intrigued with the public programs that make this project make economic sense.

Are you still investing in real estate through the Covid-19 crisis? 

Your first year it might be 0% a we still work through the economic fallout of COVID. 4.

-I would consider allowing Section 8, especially in the current economic conditions.  

Taking that first step though...Daunting.Finding the deal, picking the right financing, finding the right contractor, picking the most economical upgrades for flip that still yield good rental incomes, and so much more. 

You help them see their economic reality and if they don’t do something then they or people they love may get hurt in one way or another.