I'm trying the find a Colorado lender (or at least authorized to lend in Colorado) to work with who understands how I can qualify for an FHA loan without the 2 years of continuous work experience?

The housing authority had the “market rent” lower than what the market really was in the area for a high quality property.

The only time anything is sent in writing regarding a prospect's non-selection is when they've done an application, authorized background and credit screening and failed the standard. 

We built a ground up state of the art facility and covered the equity requirement through the sale of Low Income Housing Tax Credits the project was awarded by the Colorado Housing and Finance Authority (CHAFA) and sold the credits at a discount to a major national bank.We understood from the start that operating the facility required an entirely different skill set that those needed to plan and build it.

@Daryl Luc has the right way to do it, because only authorized law enforcement agents have access to it. 

If the regulatory authority declare the seller to be your client, then by attempting to purchase at a low price you are violating fiduciary responsibility.

We'd want to run the books, ie: have full authority to manage/operate the asset once it's been 'converted' into its full income earning potential.But, alas, this project you're suggesting is not me/us. 

What exactly does the author mean?

Burglary, criminal damaging to tenant owned property...it's the tenant who is to deal with the authorities. 

The answers above are solid answers, given the authors' propensity to take risk.