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In addition to reading, podcasts and studying your local market via listings on the web...I would really like to hear about actionable steps that one could be doing during this phase.

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The one year requirement is Not related to getting a second FHA loan.

I've read multiple suggestions on related threads to contact a real estate attorney, but I don't want to spin the hourly wheel if I can do some of it myself.

Just say "hey I am a neighbor that knew your Relative and the house is deteriorating and wondered if you were interested in selling it."

I used every MS Office trick that I knew (and several that I had to google), and after about a week and a half of moving data around, lining up my cells with the pertinent information where it needed to be, and figuring out all the kinks in the system, I finally had the information I needed, all neatly lined up, with different categories for different mailings on different excel sheets "This page is for out-of-state absentee owners of SFR's...

A topic I can relate too

I would consider it more of a general business expense rather than a specific property related expense.

If this is REO, some of the bank addendums will have a clause in there that if the buyer is also an agent (or has some relative as agent), then the bank will not pay the buyer side any commissions.