I was told HUD federally owns the units?

However, the residential federal solar tax credit cannot be claimed when you put a solar PV system on a rental unit you own, though it may be eligible for the business ITC under IRC Section 48.

@Devin Janke - If you are borrowing from friends/family and plan to pool their money together in an LLC that is not secured, you will need to research state and federal law related to this type of activity as that could be considered a security in your state and/or potentially subjected to SEC regulations associated with a pooled mortgage/debt fund or private equity fund (syndication) as mentioned by @Chris Seveney.

The following individuals may be covered under the SCRA:A full-time active-duty member of the Air Force, Army, Coast Guard, Marine, Navy, or Space Force.A reservist on active duty.A member of the National Guard on federal orders for a period of more than 30 days.A service member who is absent from duty for a lawful cause or because of illness, injury, or leave.A commissioned officer of the Public Health Service (PHS) or the National Oceanic and Atmospheric Administration (NOAA).A service member’s dependent may be eligible in certain situations.

Don't forget the fact that there are 7 Federally protected classes and disability is one of them (Race, Color, Religion, National Origin, Sex (including gender identity and sexual orientation), Familial Status, and Disability). 

HiWe recommend Orion Federal Credit Union (this is not a hard money lender). 

You talk about fines and federal occupancy guidelines and make it clear if there is an issue you're not fixing it before move-in.

p.s. in the spirit of helping others that might be looking for similar loans as well, the leading ones I'm talking to right now are Space Coast Credit Union, GTE, Truist, and Federal Savings Bank (Upen Patel from this forum who is really awesome).Thanks in advance for the help!

Federal Time 

So to clarify there is no Federal requirement for a 75 percent LTV on the current primary (which will become a rental) to close a second mortgage?