Would she need to be an owner occupant in the eyes of the lender.

Talk with the syndicate/Reit and your tax person. 

Hey BP,Looking for some great websites to use to gather information on different markets, especially OOS investing...One of my personal favorites is "City-data.com", which was also suggested to me by a fellow BP investor!

The answer to this question is really a personal one. 

Look into a DSCR, Debt Service Coverage Ratio, loan where the rental income can be used to qualify the cash out refinance instead of your personal income.To Your Success! 

All I can say is that when an investor is the person who's doing the job that a real estate broker is commissioned to do, per state law, that's brokering without a license, which is no bueno and shouldn't be allowed. 

I personally used business credit cards to BRRRR a deal—no money came out of my pocket.

I make it a personal goal to never turn down help.

He would also be exposed to liabilities related to the property, such as lawsuits or property damage claims, which could affect his personal assets.

I personally ALWAYS use 30 days as the time frame to close in.