I'm going to assume that the developer legally established an HOA and recorded articles of incorporation, governing documents (CC&Rs) etc.

Too much big government/regulation for me, not business owner friendly. 

In my area you dont have to be a GC to buold your personal home.Find a local bank to work with on construction loan (I would suggest you get a account for that bank and donuts always help) Get a list of your area governing body on what is needed to be submitted for approval.

What's different are the LLC governing docs and how it's structured.

The right to lien a property is usually governed by State Statute.

You can also look into a SEP IRA which would still allow you to invest in your government TSP program (up to $18k) and up to $53k into the SEP IRA.  

Once certain terms of the note are changed such as maturity date, balance or an increase in payment the modification is considered a new extension of credit and is subject to certain regulations which govern the extension of credit.- The creation of a new "note" would mean the satisfaction and release of the prior security instrument.  

Hello, was curious if turning a HUD property into a Section 8 rental would qualify as a "Government Agency"

While I can't say for your state specifically, as a general rule, commercial leases are governed by the contract.  

There was one guest BP's podcast (sarah prickett) who mentioned she had several mortgages under her name and her debt to income was awful but she had the desired income she wanted along with working for the US government as on a reserve status.