I'm not too familiar with your market, but i was in a similar situation in the DC metro and pivoted from renting/leasing to rent-to-own (lease option).i got the place occupied in no time with above market rent, passed on any trivial repairs to the tenants, and collected a significant option fee.The option fee is magical!

We didn't get much traction with Roomster and Kopa as by-the-room platforms, and we are a smaller market without a Padsplit presence.There are a lot of work crews passing through our neck of the woods, so the private rooms are appreciated as a bonus. 

You need to pull out your property disclosure statement and see if a case passes the sniff test.

Pass on this project. 

Was out of work for 9 months and also during that time my father had passed.

The real estate agent I was assigned passed me off to someone else without explanation, and the general contractor stopped communicating with me once I had my first deal under contract.

Let me know and I'll pass their names along.

FHA has the self sufficiency test which also makes 4 units more valuable because you have a better chance of pass the SS test with 4 units versus 3 units. 2 units doesn't require the SS test so buyers also tend to like that inventory for FHA so they can avoid the SS test. 

In Iowa the law was just passed that makes assigning contracts as a business model Illegal and the closing attorneys will not close those.This was a Wholetail deal  IE buy it trash it out and sell as is.

The best way is to wait until he passes.