Start running deal analysis on properties during this time. 

The Augusta market is heating up and it's a great time to start investing and continue to grow.

I think RI will continue to appreciate and over time as you(tenants) pay down the mortgage creating more equity.

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling. 

That mid-November launch timing is clutch too—holiday season bookings must be boosting that.

You have to sell to realize your gains, and will lose on the transaction at this time.  

At that time, there were public records showing missed payments and multiple distressed properties, not to mention the overall struggles of the student housing market.Even the underlying investment showed major red flags in the PPM which she never disclosed or mentioned to me.

Then I would do a low risk flip ( rehab less than a few weeks) for hopefully a 10-15% profit, repeat until I have a nice down payment and am sure that I would be able to qualify for a refinance, then buy a buy and hold then continue flipping until I get to the next buy and hold - in theory, the time between each property should decrease as I should be getting capital from the buy + hold as well as I would already have my reserves built up.

I am set to close on it in about two weeks and am slightly nervous about finding a tenant in a good amount of time, given that there are a lot of similar new constructions in the same community that are up for rent but have been sitting on the market for 30-70+ days. 

I would give it some time for lenders to catch up on this type of property.