With regards to flipping, I think competition (as @Ethan Henning hit on) is going to be way more a factor than taxes in the current market environment.  

Closing costs is mid labeled to the general community as its inclusive of inspections and other non close related items.

I figured take the month and make sure she’s in a safe environment and then see what happens. $100/month is what I was thinking as well.

I do think that it is a good deal in the current environment, especially considering that the property is close to a university where enrollment is growing at double digits.

Too many people on here are full of hot air about "retiring" and think that buying homes in 4-5% interest rate environments, with unemployment at sub 4%, no recession and no market pull backs is going to last forever.

I am originally from NYC but moved down here in January of 2010 to raise my son in a different environment with more opportunities.

I’ve heard opinions from both sides, but wouldn’t mind additional feedback in light of current increasing interest rate environment.

We are still operating in a historically low interest rate environment and while none of us really like it, it's actually good for the economy.Best of luckStephanie

So I wasn't new to the environment and experiences. 

Instead, you'll be looking at 5-10 year ARMS, which is scary in the current rising interest rate environment we're in right now.Impossible to say which way you should go.