Approx value $60000.00 i dont have enough income to to cash out refinance. some lenders are saying loan amount is too small so they cant do it. can I sell the house to my wife and get cash to invest more?

Have you done a Search above on BP for "Subject To" to see who's name keeps popping up?

(see Toto or Brondell)  Also make sure you use "comfort height" (17") toilets. 

Any flipper who's head over heels to borrow money at 15% may not be the sharpest tack in the box, unless your friend can offer some other expertise to to along with it.  

You'd have to figure out a fair "rent" to charge yourself and apply that to his portion to to be fair.

@Michael Hague   I don't have a problem with fuel assistance but I haven't had to to contribute to filling those forms.

any other recommendations and documentation/verification/references to process this international tenant?

You need to to your due diligence is true, but you also need to understand what you intend to do with the property if you are the accepted high bidder (keep it, flip it, renovate it, partner it, borrow money on it). 

The competitive offer must be presented for verification."

You go through the usual ID verification but you meet the notary virtually through a webcam and use digital signatures and an electronic notary "stamp".