In your case of a multifamily you will also have to consider tenant cohesiveness - i.e. don't rent to college kids if you have an elderly tenant in the same residence.I'm proud of you and wish you much success!!

The entire property was renovated inside and out in 2004 and was owned by an elderly couple who maintained the property very well.

There does seem to be more mention of neighbor noise with this one.Our only elderly tenant is living in a two story SFR.

Also I came across a house that the elderly women has moved out into a retirement home and the house is headed for falling down.

The owner is an elderly woman whose husband is on his death bed, it's clear they want their closing years to be in peace so they let their tenants basically do whatever they want.

I am in the rehab fix and flip business and when selling one of my homes, an elderly gentleman called me on it.

@Ashley Zhang There are definitely other strategies besides "driving for dollars" that can give you good results.Targeting demographics - buy a list of properties of elderly owners (60+ years of age), who do not live in the property and have owned it for at least 10 years;For sale by owners (Zillow, Craigslist, FSBO.com, etc.) - even if you can get them down a few thousands you can assign the contract for a fee - a lot of FSBOs do not know how to market or sell their properties;MLS - you can use the MLS to locate properties to wholesale or flip, but you have to do it a certain way, which can be harder for a beginner;and several others, but this is a start for you.

It is filled with elder people on social security.  

Many cities have programs for financially distressed elderly people.

Looking for suggestions on what you would recommend going forward in this situation.BackgroundI am moving back to my home town of Las Vegas to help take care of my elderly, disabled mom, who is becoming more dependent for daily activities and no longer able to manage finances independently.