That would have to be an independent decision you’d have to make on your own w/knowledge of their personalities.

I was reading that Fanny Mae and Freddy Mac have specific requirements for refi when it comes to condos, and one of them is that it can't be an investment security, which the site said was an investment condo. 

The repairs after the fact are not going to be an issue I have a contractor that I have used in my personal homes for many years and created a good personal relationship with, he knows what needs done and how I like my work preformed without my having to stand over his shoulder.

If you will be an owner occupant you should have no problem getting a unit for yourself.

I am getting my license to be an agent this summer; I am just stuck in some dead space right now as I am moving to Sarasota, Florida in September so am looking for something to do in the meantime.

Your recorded memorandum will probably be an exception to the issuance of a title policy, such that the seller will probably be required to get a release in order to be issued a title policy. 

If no power of attorney was appointed can a guardianship be an option?

You don't need a license to be an investor. 

It should be an easy flip, or renovate it to increase the rent or even Airbnb!

If you are ever in the OKC/Guthrie area, HMU and we can go to coffee.