At that time I will get the house cleaned up and list it on the market and when it sells I've agreed to get reimbursed my costs for reinstatement plus any other costs plus a fee for my efforts.

When a developer can't obtain subsidies for their affordable housing projects, do they just wait until the next round of subsidies availability? 

The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

I would like to get into house hacking another small multifamily as soon as possible.

You can't call up Apple's CEO and suggest improvements, but you can definitely upgrade your rental property's kitchen to command higher rent.

I need to rent my house out but thinking about going the untraditional route ie Airbnb, Padsplit etc.

There is a house (2b x 1b) in the family I was interested in becoming the owner of.

Do you have cash reserves for capital expenses and improvements? 

Quote from @Jade Frank: We own a home in Kaukauna wi and it's a 3 bedroom 2 bath house.

House hacking is an incredible way to live affordably while building wealth through real estate.