She needs an experience short sale agent, period.  

You can sell one in a 12 mth. period without a license in the state of Texas.

(we have a lawyer involved in the ejectment case against us and he has no idea why they are even trying this route because they have no case as all the paperwork was done correctly)  However, the investors are seemingly unwilling to extend the lease so once the ejectment case has been thrown out we can continue with getting it all complete. 

-What is the typical or recommended duration for a purchase period duration limit?

If I added a fence to the yard, would you be willing to extend your current lease for another year and pay X more per month? 

Tenants tend to stay for a longer period of time and therefore turnover costs are minimized.  

An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property.

So I cancelled during the trial period.

There are many rules that apply to these, and it may not qualify with such a short holding period. however since she bought it with the clear intent of renting it may qualify. 

Maybe he will make it so there's no waiting period to buy more real estate using a conventional mortgage following a bk, so we can all get in on how he's been doing it for decades. 1) Form Chris M #1 LLC.2) Buy investment property. 3) Turns out it was a lemon.4) Chris M #1 LLC declares bankruptcy, debt is discharged.5) Form Chris M #2 LLC.6) Buy another home.7) ???