Especially if the other kids follow suit, they'll likely need some kind of housing for a significant period of time nearby so buying now wouldn't be the worst move.Just my 2 cents.

They will probably stick to that for a short period and then go delinquent again, but it's much easier to deal with if they violate a payment plan in most cases and at least you get some of your money back.They might be a professional tenant.

Is it currently fully-amortizing or is there any remaining interest-only period?

Hello Emira, Flipping can be very lucrative and good way to invest ad get the most ROI from your investment in a short period of time.

We just closed in late Dec so the financials are a work in progress but we’re projecting and tracking closely to a 55% expense ratio and should have about 11% CoC in year one through the renovation period as we get more renovated units online. 

I'm currently in the option period with it ending on Monday so I need to make an educated decision by then.

Time is money.. longer the note period is to payoff the less your going to get for the note. 

My partner had some taken off from work during her second pregnancy and we have started catching up with finances.

Here's the bottom line - you won't cash flow, period, for YEARS. 

However, some lenders may require a seasoning period (usually 6-12 months) to ensure stability.