I’m in Los Angeles,California and I’d like to know is it possible to help this lady out as well as obtain possession of this property any articles,YouTube, or advice in the right direction would be greatly appreciate at this point been researching endlessly.

All of this info can be sourced from online platforms and articles, real estate investment meet-ups, and general networking with folks in the industry. 

Take a look at this article -https://www.biggerpockets.com/blog/core-four-real-estate-teamAs for picking a specific market - I would go after one with an increasing job and population growth.

As a new owner I'm not even allowed to put up the rent even if the current owner chose to not increase rentals in years.Does anyone have some good news or facts to share that would give me a spark of hope here?

The good news is that there's only 3.5 months left in the year. 

This summer, builder came back and said they need to increase the price by 10% due to increased expenses. with all the news around lumber prices, I sympathized with the buyer and agreed to pay the additional amount.

Here's an article that summarizes it pretty well:https://www.ovmfinancial.com/f...

@Rob Bergeron not a fan of the news.

In Newport News, check out Towne Bank and see what they're doing. 

Great news for bird hunters that want shotguns, though!)