The only option is to use a co-signer like a wife, girlfriend, parents, or grandparents who have income and can help you qualify.

Not enough info here to tell you if you qualify, if they can be released, etc.  

They are their to inspect - they are not qualified contractors or handyman and certainly are not going to take their time to put a whole in a ceiling and repair it.

I know other markets are different but in my area the only way to buy 30+% under market is to pay cash for a distressed property that would likely not qualify for bank financing.

Parent is considered a non-occupant and student is the occupant that somehow qualifies for lesser down payment. 

Originally posted by @Grace D.

I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a property qualifies.

A summary of the changes can be found here:SEC Staff Recommends Updates to Accredited Investor DefinitionWhat's good:You can now take a test to qualify under the proposed rulesThere seems to be some critical thinking about the thresholds and indexing them to inflation instead of picking an arbitrary number and leaving it staticThere seems to be some critical thinking about who can invest whatThose with experience in private deals can exempt outWhat's bad:It seems hard for portals or funding platforms to implementWealthy investors are capped unless they make over $500k annually or have $2.5M in net worth

You need to find out how Much of a total loan you will qualify for as this is the only way to know what to shop for...total of purchase and rehab. 

We took care of any repair/cleaning/make ready issues quickly, got the property back on the market and found a better qualified tenant, for higher rent, in less than a week.