For purchase prices and average rents you might find this site useful: idealista.comThere are some tax deductions and government subsidies for rentals, recently they started a tax break if you rent to people 18-30 yrs, there are others but I'm not an expert on Spanish taxes... 

Also, if assets don't cover amount due(I doubt that in this case, but I have no idea) will the government just take possession of said property and if so, how is it sold?  

And the CA government is nurturing the germ-fest.

If the government creates a quota, then surely banks will do all that they have to to meet those quotas.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Not surprising that when government regulators are challenged they react with a vengeance.  

With national coverage and assistance pouring in from the state and federal levels this may well be a turning point in a renaissance for our area that will ultimately be better for us in the end   In my opinion. 

Additionally I feel like because he is a government employee and specifically in the military,  he will be a good quality renter.  

@Kerry Baird We always live in flat rate government housing because we save a lot from the BAH.