Unless you find a buyer with a very specific criteria who is willing to pay above the typical 70% - repairs.

Normally, you need to earn no more than 80% of the area median income to qualify for those programs.Speak with your banker or broker and good luck!  

From what you've said, it seems like an AITD could work if the cash flow on the equity is solid and better than a typical single-family home.

The $380K insurance payout is typically not taxable if used to restore the property.

If so you need to fall into the guidelines (for the investor whos funding it) regarding non arms length transactions.The most common scenarios they typically prohibit are:- Gifts of Equity- Bailouts- Leaseback OptionsAt the end of the day it needs to be a legitimate transaction, with legitimate funds coming into close.

Investors typically want to stay within the original budget.The only way to do this is to stick to the plan and avoid COs!

Small shop brokers that have access to multiple programs so that they aren't beholden to one or just a few loan programs will typically get the most competitive product for the borrower. 

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

Additionally, how many calls does it typically take you to successfully close a deal using this approach?