With respect to new tenant (regardless of whether the family member is going to rent), how would you handle the washer / dryer situation?

I know this because I have been both an agent and an appraiser in my time.Before all the agents here flame me know that I respect y'all a lot.

The IRA will remain an inherited IRA and retain the same rules with respect to your required distributions over time.There are several quality providers of such programs active here on BP. 

Offering your contract at public auction, in my opinion is a great way to gererate interest and to expose the property.As a professional auctioneer - depending on what price you are in for and what you will accept as a net-equity profit - I would suggest a reserve public auction (you'll have more participants if you do an absolute auction).Not all auctioneers are good at marketing real estate - you'll need to interview them - you'll need to know the following:how much advertising money do they want up front to market the property, commission, time frame, how many real estate deals have they done, are they honest, will they do an assignment, are they respected in the community, where will they market your deal, get references, are they authorized to conduct real estate auctions?

(just to respect that they are 70's years old with very limited income.) 

Look, contractors have their own experience as much as investors do, respect their decision and simply move on.

Few tenants have respect for a property they do not own.Second you need to determine if you are gong to need to put cash out of pocket to maintain the property.

No I do not see this as an issue, many have stated that back in the 80s, the credit card interest and auto interest was eliminated and both have growth and seen new heights in their respective businesses.

I do have huge respect for the ethical contractors who work hard and take it through. 

The two of us would like to continue buying properties together in the future.I realize this is probably a rookie question, but I've learned a ton through BiggerPockets already and really respect the feedback that is given on these forums.