We could hire a property manager, but as it is a small condo, I do not think its worth it to pay someone to do that, and plus, they wouldn't be as familiar with the property as the relative. 

I am familiar with theses but I have heard they are hard to get approved and a lot of work. 

I'm getting closer to make my first multifamily deal happen and I'm looking for a good contractor that has done 203K type of rehabs and is familiar with the process.Thank you in advance!

Keep in mind that any property needs to pass an FHA inspection and get familiar with the criteria.

Too many folks spend more time debating the numerous ways to structure things and miss deals in the process.  

First assignment for us was to find three terms we are not familiar with and define them personally.

I would absolutely find a more local mortgage broker/lender that is familiar with SC real estate practices and has a network of other professionals to aide them.

After a long debate with myself today as to how to contact the owner, I decided to call him at his business (Which is not real estate) which was yielded pretty quick from a google search of his name. 

How long have you been familiar with it? 

Because you owned the property for some time you are probably very familiar with the property and understand how to make money with it.