How much will you spend in repairs on a 1920's house with renters ? 

If the latter, simply give her the notice required (eg 30 or 60 days) that she needs to move. 

I have been considering reaching out to the seller to see if they are still interested in selling the property and just this week I found a Facebook marketplace posting from the seller trying to sell their home off market because “it became too much for her to maintain alone”. 

Purchase price: $450,000 Cash invested: $450,000 Centrally located near Shopping, Entertainment, Transportation and much more.

I would like to purchase my first property sometime next year, utilizing this year to learn and network as much as I can.

JD your one K&T light circuit with an LED light is a much different scenario than a whole house still on K&T.

Absorb as much as you can, find the passion and you will be reaping the successes well before your 30th birthday.

Thank you so much for your clear and insightful advice!

Or maybe one that's move in ready, whereas most of the others need work.

Too much effort and too much risk for the OP.