Until that happens, with either scenario, a way to increase your cash returns could be to buy EDV, it's a Vanguard exchange traded fund that holds 20 year and 30 year zero coupon US Treasuries, such that whenever the 10/20/30 year bond yield goes down, its value goes up.

Management fees- free rent in exchange for licensed agent living in the community and coordinating work orders, etc. $288,000 income - $199,600 expenses without management and landscaping = $88,400 / year or $7,366/month.

In exchange they brought the capital and managed the Investor Relations for the investors this person brought to deal.  

In exchange, I'm thinking that she would collect all the cash flow and potential equity until I refinance and get the loan originated in my name...

I would look into a 1031 exchange to avoid that huge Tax hit... 

My realtor is reaching out to the listing agent but told me the seller may have restrictions (unclear what the restrictions are) on changing the contract now since they are doing a 1031 exchange.

There appear to be some new startups offering to pay up to 50% of the down payment on a house in exchange for around 35% stake in the house (they collect this upon sale).

If you’re still trying to grow your portfolio then the rent to market price of the property you buy in 1031 exchange maters a lot, if you’re just looking for stable income and less headache it doesn’t.

I've been thinking I would like to fix the outside landscaping/fence/Kitchen cabinetry and roof so I that I can get the max rent or just sell and buy in the midwest, 1031 exchange (not sure if I qualify).

If you want to sell it and avoid capital gains tax, you could do a 1031 exchange into a new deal.