I proposed this idea to a friend of mine to partner up and take this beast on.

These neighborhoods are typically low income with low income tenants that propose higher turnover and increase risk of the neighbors stealing from the home while it sits vacant.  

You cannot do what you propose.

It's not I'm  asking for your political beliefs to be included in the investment proposal.

You would need to be giving notice 48 hours in advance, and even then, there is a common courtesy element to this that you would want to use since tenants often have different work schedules or sleep schedules and have issues accommodating what you are proposing. 

Houston is on the cusp of passing big changes to Ch. 42 of the development code. The INTENT of the changes is to promote specific kinds of development like small multifamily (3 to 8 units), more ADUs, courtyard style ...

How much is the first, what is the value of the house today as is without the proposed whatever? 

When we propose this to our owners we usually suggest a minimum of an additional months rent spread over the time frame so for example, for a $1000/month rental that wants a 6 month lease the monthly rate would be $1167/month minimum.

Anyone able to find a link to the full text of the proposed ordinance?

Keep in mind that the proposed utility billback method is not legal everywhere.