Purchasing my grandma's house...need advice

[Nate Pummel]

I'm new to real estate investing and I'm looking to get my first deal.  With the Denver market being so expensive I've been looking to invest in another state, possibly turnkey.  Well, I might have found a doable deal here in Denver...my grand parents house.  A couple of years ago my grandpa passed away and my grandma moved into a nursing home.  Well, there has been talk that the family is looking to sell the property.  It's in Lakewood (Sheridan and Florida for those familiar).  It's a 1950's and it's listed as a 3/1 even though I think it has 4 beds and 2 bathrooms.  It hasn't been updated in probably 30 years and it has about 50 years worth of junk built up in it.  My grandma owns it out right.  My uncle is also renting it for way under market value.  I could really use some help in how to approach this and evaluate it.  I want to make this a win/win for both parties and I don't want to offend my dad and his siblings by offering a number (purchase price) that they wont fully understand.  I've also thought about not getting involved from the purchase standpoint due to the family ties but thought of maybe wholesaling or helping someone out there find a great lead.  My grandma (85) will need the funds in about two years to continue to pay for expenses so I'm open to some sort of creative financing that will help maximize her financial position.  Any thoughts or advice is very much appreciated.