I'd wait this one out until rates lower and you can refi and learn from it to buy better the next time around. 

Hi Jake, Thank you so much, I forgot about the 2 of the last 5 year rule, I'll look into all the options you mentioned.

In terms of property management, she mentioned that she has her own property management company.

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

The market is always evolving and there may be good deals to be had near term or you may need to wait a while, depending on many factors like interest rates etc.

Anything else that might be worth mentioning based on this? 

If the property is in a location that would justify these standards, then wait. 

HOWEVER; if you aren't going to use your full last name, then it's important to upload a pic to your profile (which you have) The reason being, when someone has a common name, with an initial and you are trying to @mention them, if you have a list of 5 David R's with the stock icon, it's impossible to know which is the correct one. 

Why would you literally wait until the last minute, when a flat tire or difficulty finding a parking space be the difference between keeping and losing your home?

As mentioned above- CAPEX exposure both building and parking lot.3.