The poster already stated they did not qualify for a HELOC with their bank due to income.

Doesn't seem like there is much interest from agents or property managers to get on board with another client, am I taking the wrong approach to this? 

I think it could go either way if I list it as an "as is" property but was really trying to make it qualify for an FHA loan. 

Then you do another credit check on the husband and let him qualify by himself.

It is infectious, and I would bet Dad would soon be on board with your line of thinking. 

Also, I found condos with less than 8 units easier to join the board of the HOA and usually isn’t professionally managed.

A qualified deal team working in concert to help extract this information is the best way to extract all you need to get the best answer.

Though I wouldn't discount a single family home that has a good boarding basement or offers a few bedrooms to rent out to friends, AirBNB, etc.

no problem its not real complicated you just don't know what you don't know until you experience it.you want your experience or knowledge to equal or exceed your buyer so you can best position yourself. for not in the business land owners selling to developers.for me the short to do list is1. first and foremost talk with your CPA and make sure they understand what your doing.. don't want to box yourself into a tax situation you don't care for.2. tight contract.. remember builder/developers by and large are sophisticated buyers.. so need to level the playing field.. this is not some wholesaler trying to snake a property.3. once figure out have a good RE attorney draft the contract don't use standard board of realtor or MLS forms.. it should be a custom contract in my mind..

They technically could be used assuming the property is habitable and can qualify for conventional.I don't know your market but here in mine you would lose every deal to cash and HML guys though.