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.

Account Closed I think it depends on what your comfort level is as well as your experience/background.

Restart the process again each year or sooner - depending on how big the projects become in the future.My hope is to find investors who will get to know me, trust me and we make it happen!  

It really depends on your market and every market is different..I've spent $2k on direct mail in the bay area and have gotten no deals from them. 

You should always disclose but this is really going to depend on your local laws.

@Lindsey Crawford it depends on several factors, primarily how much it will cost you out-of-pocket for gas, insurance, property taxes, maintenance, etc. 

Possibly up to 75, depending on the lender.

After the rent is considered tardy say 5th or 10th day depending on how lease is written.