We were not afraid of the terrible state of the condo (divorce settlement sale in need of major repairs including extensive plumbing work).

How many lawyers does Airbnb employ to make sure they won’t be held responsible for any large settlements?

Of the half dozen or so settlement companies I've dealt with in Pittsburgh, Greg Gerlach at Ally Settlement is by far the best.

She can't afford the house on her own but the first year is going to be paid up front in full after settlement with the proceeds from the sale (150K-122K). 

I bet if you look at the settlement paperwork from the purchase, there's 4 legal descriptions, 4 APNs, etc, and you actually got a blanked mortgage secured by all 4.

If the source of funds used to acquire the property was an unsecured loan or a loan secured by an asset other than the subject property (such as a HELOC secured by another property), the settlement statement for the refinance transaction must reflect that all cash-out proceeds be used to pay off or pay down, as applicable, the loan used to purchase the property.

@Aaron Moayed Unless those two sales are on one contract and one settlement statement then your QI has to treat them as two separate exchanges that you will be combining into one purchase. 

Borrow initially the total funds you'll need by adding repairs into the HUD-1/Settlement Sheet.   

I gave up equity in the house to make the settlement easier (mistake in hindsight, but live and learn).I am living in an apartment and was thinking about house hacking a duplex or four plex for my first deal.  

@Hend Harb in my experience, it's a wise idea to ask the settlement company - before closing - what the title insurance covers.