It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Until i ran into it all, faced it, worked through it and got good at turning problems into profits. 

We were lined up to have this project complete by August which would still be in the prime time frame for selling this house.TLDR of my previous post - I ran into troubles with my first flip which was going on at the same time as this project.I had to pull my contractor from this house to save the day on my first flip.

While the tenant is applying to have arrears paid, have the tenant apply for on-going monthly rental assistance.

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses). 

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

I ran the numbers and it seems i would after some value add to the property, but I'm more worried about the financing.

After tons of research, we've found that the resources, tools, and ongoing support they provide are truly unmatched.

Unfortunately, I ran into the same problem and then the also raised prices multiple times and it's no longer free after 14 months. 

I ran some very basic numbers on option 1 and if you can get a ST/MT rental per your comments and other assumptions you list, this could be a deal for you.