Sounds like you are in the Poconos and you are trying to flip vacant land, governed by an HOA, without a defined buyer.

The process is seamless compared to typical government loans.

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. 

I think the government (FHA) and conventional side will require at least a year, if not two of this type of income.

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.

I can't seem to find a forum or resource with investors that can attest to a firm's credibility.

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.

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.

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