However, it seems that the court is taking forever as the eviction attorney started filing for the eviction in mid-October...and I still have not received a confirmation of the filing and a case number, with which I need in order to serve to the tenant.

Wait until the move-out date and confirm she's gone, then handle turnover like normal.

Anyone here can confirm that the rent from section 8 is close to the payment standards for the respective zip codes?

However, I'd recommend discussing this with a knowledgeable mortgage broker to confirm the specfic terms based on your lender's guidelines.I once worked with a client who had a similar idea in San Diego.

I ain’t no lawyer (except on the Internet), so will possibly have to resort to checking with the lender (BoA) to confirm as I didn’t see anything in the contract that suggested that it closes if I’m no longer resident.James

You can confirm this by searching popular cities and seeing what comes on the first page.

It confirms what I was thinking as well. 

This was also confirmed when I went there to submit the required documents, but they couldn't give me a proper timeline on when it would happen claiming that they were backed up. 

First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).

I read on JP Morgan Chase's site that they could do the same, but I just haven't spoken to them yet to confirm.