It seems that the latter may be a better option from what you wrote. 

@Jake Faris keep in mind that if you change the structure of this property, then the lending options change too. 

Could I craft an offer before the hearing that has a very liberal backup option for me?

I suggest you educate yourself on the options available to tenants - and what the coverages are. 

-what type of low down payment financing options do I have outside of FHA?

(this is an option I’m looking into) 2) pursue partnering with another investor?

I have so many options, rent a place for a few months until I find a new primary, stay with friends or parents for a bit, hell I could even live in one of my flips since that’s my main source of cash and always have one going on. 

I’m kind of at a point where I feel impartial to every option.

This is the Selling Side: Then, I find a Tenant Buyer who has $25,000 to $50,000 to put down and I sell the property to them on a lease option.

There are definitely better creative finance options out there.