I would check the tax collector, all properties are owned by city (jax) or county government and leased back to the users in the form of taxes.

Job growth and local government support for the job growth.Good LuckPaul

What if the federal government employees are furloughed and one lives in one of your properties?

Right or wrong, should a government employee take an interest, there may be huge costs involved in defending your actions.I do not recommend anyone play in the real estate finance world without extensive knowledge.

Making any mistakes can be extremely costly and may involve government agencies.Based upon your post, you need a lot of guidance to avoid setting yourself up for major challenges.

I don't know about HUD, buy government small business loan is stopped.

Not sure your marriage would survive all the drama of living in a rehab-in-process but you might consider an FHA 203k loan to purchase and rehab (if the government decides to go back to work).

If you work for the government, some credit unions will go up as high as 95% LTV on the HELOC.

You didn't say what the property was but a mortgage originator in your area will guide you in what is customary and terms to adopt.We don't get off topic into politics here, but realize that residential loans may be delayed depending on where a borrower goes, for government loans.

I don't want to rant about big government but imo this is just another example of good intentions gone bad.