Be very sure to establish an as is price for the house with your relative and be very clear on the terms of how things are divided when you sell.  

In my experience AND opinion it is unlikely, but possible that your relative is one of the most skilled agents. 

Yeah, I know; that's not the case with your relative, it's all somebody else's doing. 

Say, his money plus your labor, then split the net profit 50/50.If you contribute some capital, then another formula I've seen is you take 25% of the profit and then split the rest of the profit according to your relative contributions to the deal.This kind of arrangement is quite likely to be more profitable for him (and less profitable for you).

Depends on the state, and depends on your relation to the TC.

The fact that you have a day job is an obstacle, but one of your relatives could go and bid for you.

The only other option that I could see you could look into is ask your relatives for part ownership on the title of the property.

Unless you can convince the lender to do a seriously low short sale, I'd take a hard pass on your relative's problem.  

So here is what you can expect with this deal:1) You won't want to let any lenders know that this is your relative. 

And what Is your relation to @GARY LEONARD JR?