Those are typically for primary residences.

Slim I'm sure.So I'd take the other option.

Another option is to have the building tested, and if that is found you could get a quote for remediation.

I own a house now as primarily residence, we are a family of four so that option didn’t cross my mind. 

Is there anything I can do to ideally get them to not list the house and sell to me, I’m assuming there might not be many options, especially since the sister and I had agreed on a price that was below market value given I was planning to invest money to remodel the home and was planning to honor his wishes of not having the home knocked down to make a townhome or new home.

The type of property you choose—whether it's a project you can rehab or a ready-to-move-in option—will also influence the type of financing you'll need.

Now, houses in those zips that need work are 150+ per square foot on the MLS, and even through some of the wholesalers.Duplexes/Tri/Quads are not common here, and typically in rough areas. 

The QuickBooks Online Plus subscription could be a great option for you.

@Michael C. wondering what option you decided on.

We typically won't look at deals offering less than 10% CoCR.Honestly, I don't see much of a deal here.