combo of 1 and 2 br units.All depends on what you have and what's needed. 

IMO with pets, it depends on the floors, do you have carpet? 

Those are all very different locations too so it depends on where you want to own. 

It really depends on what YOU want to do. 

He can use the money for whatever he wants (depending on the lender).

Does it depend on the particular Township/municipality, or is it just standard practice that they don’t report?

Depending on how well you know him I would also recommend thinking about having him invest some money in it too so he has "skin in the game." 

It depends if you are willing to take the risk of a possible eviction. 

This will be cheap.You may need escrow service even with $0--depends on what the seller requires.If everything checks out then have the other attorney (seller's attorney) draft the note and deed, etc. 

Also depending on the number of heirs that your parents have, what the IRA documents say, and your income level, you may be better off disclaiming the inherited IRA.