Danger: Fairly new investor trying to invest in multifamily in a out of state market, thousands of miles away, with little market familiarity, no well establish & trusted professional network there, and money burning a hole in their pocket is one of the riskiest conditions I can imagine, second only to perhaps trying to flip in that remote market.

@Karen A. visual condition will tell you a lot about a property.

Ok here's a property I am thinking of submitting an offer on:1-sf block home 1630sq ft pristine condition(owner occupied) potential rent $13002- duplexes 4 units total 2/1 each rents are $675,$750,$750,850.

The general interpretation is that an IRA and a disqualified party may joint venture under the conditions that: Both parties enter into the transaction jointly (not one buying interest from the other).  

Current value is approximately 65k in it's current condition.

You want something that everyone recognizes as normal.Back to the exterior: you want it to be in obviously good exterior condition and have a fresh coat of paint in a normal color scheme.

Go with the flow of the conversation, get an idea on the condition of the property (repairs needed), as well as how long they have owned it (potential equity).3.

It's a 3 bedroom 2.5 bath unit that a little dated but everything looks like it's in good condition.

Ask bluntly what will be the easiest price/terms/conditions for her to sell to the bank.

Thanks @Ron Herrera & @Charles SmithThe property actually looks great - probably will need to put in 2-3k to remove the ugly wallpaper but the house is in great condition...there's really no other  issues.