Check around before you commit, to make sure you can refi at that number.

So maybe you approach it from the perspective of she gets to work on it but cap her time commitment on it (i.e. you step in after 5 hours a week or something like that).

Tough lesson, but never commit to buying anything if you don't know the price.   

I would just note that it's important to be realistic about how much time you can commit as an active investor. 

I may consider this in the future, but right now, the applicants pay zero until we have reviewed the application and are seriously considering them.In your case, you are already half way committed it seems. 

Lastly, If you were in your 20s what are the first steps you'd advice your former self to consider before committing to the real estate community as a career path?

@Kayla Oliver-PrattIf she “commits waist” to the property she should be able to be evicted.

As those above mentioned, its lack of trust commiting to a PM company you don't know and have a lot to loose from. 

So if you are at 10, then you can get an 11th as long as it's your primary home.When you purchase a primary home using Fannie/Freddie money you are committing to occupy the property within 60 days of closing and for 12 months.  

So if you're committed to doing more rehabs in the future, I think rehabbing units in a building you're occupying is the best strategy for gaining more experience with it.I say that because a lot of the work of rehabs is babysitting contractors and just consistently staying on top of the project to relentlessly keep driving it forward.