Assuming you meet the necessary zoning, you will need it approved by the city to do it legitimately. 

We have a property management company in town and could help you through some different recourse steps:- Make sure to look through the management contract you signed to see what recourse actions have been put in there for this specific situation- Make sure to look at any invoices that were input into your owner statements/portal and see if these checks were made out to actual contractors or were made for legitimate expenses.

Does anyone remember which podcast episode had the guy who was talking about how he built his portfolio using some sort of "program" he created to offer to retiring landlords which enabled them to collect a steady cash flow and defer taxes out?

Even if you had an FHA loan originally (which it sounds like you don't), you could another FHA loan assuming you could show the old loan was paid off at closing (and there are other legitimate reasons you could have two FHA loans at the same time). 

Nor does it overrule legitimate safety requirements.

Give it a shot, but make sure you have an actual legitimize business account and a business registered with the Secretary of State first.

Make sure the damage is legitimate and take pictures.

Its unreal how legitimate it all looks so verify wire instructions with your title company via phone (and make sure its the title company on the phone !) 

They have offered portfolio loans (10/1 ARM or a piggyback fixed 30) that would enable me to do 10% down without MIP but a slightly higher rate (about .25% higher)3.

Preferably ones that have legitimate ARV numbers and have legitimately good fair deals.