The property is rented by DCFS ( department of child and family services) a government tenant and are occupying the building for last 30 years and have no plans of relocating.

However right now I think in Dallas county if you have any type of government loan you need to give 30 day notice if I remember correctly. 

Quote from @Reuben Federer: Hello all, I have recently decided to begin note investing and I am looking for a way to fast track my knowledge on how to do it, so I can begin my career in it.

In this episode it talks about rental arbitraging many units in apartments and then being awarded government contracts where you house a large amount of government employees  and the government pays you well over market rent.

If so, are these local governments incentivizing the development of workforce/affordable housing? 

I was part-time for 6 months while working a government job (no cell phones allowed in the building). 2 rentals closed in 6 months, no sales.

Course that means your plan makes sense with or without government money.I hope this helps.If you have any specific questions - please feel free to post here and/or PM me.Good luck to you!

I'm being quoted a 7.75% cash out refi rate at Houston Federal Credit Union right now.

Most of the municipalities have a 2 step process first going through Planning commission for a recommendation, then going before the governing body for approval. 

Third Federal and PenFed are known for being good.