It's a long shot depending upon factors that include the owner's fiancial profile, but a bank may want to do a SS vs foreclosure.If the bank will accept a SS have him list it with an agent and make an offer.  

The biggest determining factor is whether you have applied for credit.

It just reduces one of the many factors that could stop the deal from happening - mortgage contingencies. 

I think you should have the Open House and expose the property to as many people as possible.

Also not sure about other factors.

Factor those in and I don't see any other reason why not.

Should they need a second day and potential rain is in the forecast, they will put tarps on any exposed plywood or tar paper. $4500 is not much, depending on roof size.

Also, you will need to factor in the monthly condo fee that would need to be wrapped into your rental rate.If you are setting your price point based on a purchase in South Philly-just south of Washington Ave (which is adjacent to Center City proper) then you will be able to find many potential purchases for rentals here. 

Remember to factor in closing costs and realtor fees if you are flipping for full retail on the MLS.

I highly suggest factoring PM in even if you're doing it yourself.