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 struggle to come up a name of a syndication or partnership investment that doesn't end in flames.Turn them into Federal Authorities and don't burn more money on attorney fees.

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.

You really need to educate yourself on your own state's laws, as every state administers their own programs with federal money. 

There’s no privacy advantage any more with the new federal registration law, there’s no tax advantage, and there’s probably no liability advantage.

@Cory M.Depends what kind of banking you need, but after searching high and low state department federal credit union (with an American citizens abroad membership first, like 100 bucks) and capital one have worked best for me to avoid the nightmare you mention of trying to deal with US banks from outside the US.

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

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.

However we've been hearing a lot about how lucrative Airbnb and 30+ day rentals are, even to businesses/government agencies/etc. so are looking to connect with someone in that space.