In response to your initial question, my gut reaction would be to analyze existing home price/per sq.ft in the specific area you're contemplating. 

People will not be forthcoming about their reactions since they don't want to hurt your feelings.

Getting automated searches set up for properties that meet your criteria can help your reaction time and hopefully keep you ahead of the competition.

Jack, I would recommend not making a knee-jerk reaction based on one article.  

I liked Jim's reactions, and have a few Bigger Pockets articles that could help you with questions relative to the LLC questions.  

I have read mixed reactions on the forums, some people mention that a 20% equity is required, others that 2 years living on the property is required, even read that a letter explaining the reason for moving might be enough to satisfy underwriting and execute a 2nd deal.Any help sorting this out is greatly appreciated!

My initial reaction is that while paying off your student loans would change your risk profile (and maybe be a big relief!)

My first reaction is to reach out to the local housing authority and get her to apply to the wait list for Section 8 and Public Housing but the average wait is very long and this lady NEEDS out of this house.

My first reaction was to dismiss it as 20-something idealism fueled by get-rich-quick TikTok and YouTubes.

These are just my personal observations and gut reaction to what is going on in the world at the moment.