With all of the reading I’ve done I’ve come to the conclusion that watching the process of purchasing, fixing and renting such a property would be incredibly helpful.

Its nice of you to help her out, but I've also watched Judge Judy enough to know how this could turn out. lol Obviously you can't sign a lease with her yet, so at this point, I would use the next month to determine if you'd even want her there for an extended period of time.

From watching youtube videos, joining Facebook groups, and following BP forums, there's tons of information available out there. 

You really need to be watching the area market everyday for something to pop up and be ready to bust a move. 

This may be a good place to start: https://www.youtube.com/watch?

I definitely suggest you keep watching podcasts, reading books, and learning as much as you can - because the knowledge you will learn will forever shape your future!

@Akshay Vig If you don't know the private lender well or at all, then one risk you should watch out for is that the person isn't even a real private lender and they try to collect some large up front fee and then you never hear from them again. 

I was watching a video on goal setting yesterday and enjoyed it and found it helpful.

I like to watch over my investment closely to avoid shenanigans

I've been watching Investors make money while I work to find them more properties to invest in.