Other sites that can be successful included Facebook (specific groups you are targeting like traveling nurses or 5th ward housing, etc), Airbnb/VRBO (30+ day stays) and insurance placements like ALE Solutions.

Obviously, no one wants another 2008 situation, but I think easing up on the regulations a bit could be great for both investors and people buying homes.

Now the situation has occurred that we need to rent the house out in order to help pay for his long term care expenses. 

I'm curious as to what's important specifically about the FHA loan?

Obviously I don't know your entire situation so take my thoughts with a grain of salt.That peace of mind you get from a HELOC could be misplaced.

I'd really appreciate hearing from you if you’ve been in a similar situation or have any insights.

Definitely not willing to put money into something like this and potentially worsen our situation.  

In our case, we are focused on Northern Virginia (specifically Alexandria, VA).

A more realistic expectation is 24 hours which will ensure we can arrange any repairs or corrections with a team, handle it in person, etc. be curious how this plays out as I worked for local developer for a while and developed several properties in Alexandria (Specifically old town) and while the city is challenging like any city - they were mostly realistic.

Firstly I apologize that I do not have any market insights data specifically, but Houston has been a rough market as valuations have pulled back.