If you have trouble showing income and the property is non owner occupied, you may qualify based on DSCR 

Rougher neighborhood but a side of town I am familiar with plus I would have a property manager managing the property.

They seek out skilled professionals who can offer expert advice and solve management issues.Real estate agents are drawn to property management companies that use smart technology and new tools.

They might be able to do property management there but it would be quite interesting to see what your cashflow could by renting by the room.

Your loan probably technically doesn't allow this because there is a "due on sale clause" but I have never heard of a loan being called as long as it's being paid My advice to you would be to screen potential property managers, read reviews then set it up to be managed by them. 

Please let me know if you are having any trouble editing the analysis!

I know I’m breaking the fundamental rules here of property management, but should I stop putting up with this?

I manage it and designed it.

House hacking will also give you some personal "property management" experience.

A reverse mortgage can be paid off, but the parents may have trouble obtaining financing as typically a reverse mortgage is received when borrowers have trouble making monthly payments and have little income but lots of equity.