But doing research and thinking too much without taking action just tell me why the reach people from the USA and Europe are investing in DR?  

They don't have payments either and when their car or motorbike needs something,  their first action is to get out their own tools and pull up a YT video.  

Right now, I am really putting my nose to the grind and learning as much as I can, but fully intend to take action later this year.

It's an effective temporary measure to buy a small amount of time to figure things out but its like poisoning the well, it will have long lasting effect on your personal credit and dismissing the BK won't change the credit impact.If you are doubting the validity of the lady's claim to the property, file a quiet title action and have her prove it belongs to her.

Yes, legal actions to avoid conflict.

A squatter that breaks into property gets to stay in the property until civil action rules on an eviction.  

I filled out the application but have NOT given out any sensitive information yet.

At least you took action, and learned.

I want to be sensitive to their needs but also want to tell them that she was lucky she got 20 years of parking her bike in the laundry room and that now this is being enforced. 

But yes, I agree with taking imperfect action.