What are my other alternatives, if any, and what is the associated cost?

The only alternative is to not offer it at all.

So my natural question would be, what happens if the tenant breaks that lease early?

We are listing a flip soon and looking for alternative exit strategies in the event we cannot sell by the time our loan terms.

Now the real question after saying that is "when is the down turn"All down turns where right after a false flourishing economy (aka the correction), always when governments play God to manipulate the natural economy, always always it will get things jacked up.

The cost for you to renovate it when that tenant naturally turns is going to be the same or similar to what it would be right now.

Do I have any alternative options for how to fix my leaking roof?

I have on two recent occasions come across HOA CCR's that are so Draconian in nature, that if faithfully observed, completely block househacking as a strategy.

In addition to conventional financial products, that means that real estate, private note transactions, stock of privately held entities, precious metals, cryptocurrencies and a whole lot of other alternatives are available.A specialty IRA referred to as self-directed is required for alternative asset investing.  

How to factor in the nature of maintenance -- the veteran DIY fixer is always going to spend less than the guy who doesn't know what a scope of work is relying on a property manager to hire preferred contractors who are kicking back to the PM, the incompetent DIYer is always going to spend more than the competent one, the guy fifteen states away with no boots on the group managing major rehabs remotely is always going to get the shaft.4.