Finally, I have no idea who your property manager is - but if they placed a good tenant who pays regularly, and you've had minimal repair calls, why would you get rid of them? 

Super happy to finally get things rolling.  

I agree that speaking with the daughter is a good idea.I have a feeling if you wish to continue with this owner there are going to be many challenges to getting the purchase finally completed. 

I would consult an attorney and probably talk to the wife and ask more questions about if this was addressed in their divorce or if their divorce is final. 

With that being said we aren't really sure whether our excess should be put towards our debt or if we should use that to try to find our first property.Personally, I would love to put it towards our first property because this is something that we've been talking about for 3 years now and I'm at a point that I'm tired of talking about it and ready to make it happen (hence me dropping out of med school haha) but I'm not sure if that's that best decision and I am just seeking some guidance on managing debt while still getting started (and it hopefully not taking us another 1-2 years to finally buy our first property).One thing that we've discussed is house hacking while using an FHA loan.

Creating a Rehab Budget, Bid and Sketches may seem overwhelming at first, especially when it comes down to seeing that final dollar amount.

Not to scare you, but here's an article about a foreclosure in NY that may have finally ended, after 23 years.  

The final approval still might not happen for a variety of reasons: for example, you send over your bank statement and they see you borrowed the downpayment. 

Unfortunately, our final closing date is 11/22, so maybe not the best timing as far as getting units rehabbed.

I built up a good bit of equity in my home and im finally going to use it.