It was the best decision I ever made, and I am not saying this lightly.

Since I'm planning to do this from out of state, I'm uncertain if this is a wise decision, especially since it's my first time venturing into real estate.

It may be hard to find a management company that will rent out the property without doing the management, so I’d try and find one before you make the decision to self manage at a distance.

Break it down step by step and you will feel confident to move to the next decision.  

@Natalie Johnstone I’ve used niche.com to get a high level sense but I wouldn’t base any decision on it.

Contact a lawyer to specializes in elderly or people with memory issues and ask them what their thoughts are.As for why the property was sold, that is a decision up to your mom and whoever she gave power of attorney to. 

If you filter every renovation decision through the lens of "what is the cheapest option that brings the most value?"

To ensure I navigate these legal aspects correctly and make informed decisions, I’m looking for recommendations for a knowledgeable real estate lawyer or legal entity in the area.

Randy is correct on the insurance, check out those rates. and then make your decision.

If you have an honest buyer broker/realtor working for you they should be able to help you make an informed decision about the best price to offer on it that makes the numbers work for you.