You as a new investor don't want to negotiate with elder agents especially if you're just starting.

Its a actually the house that is next to my residence - estate inheritance, absentee owner etc...My neighbors know the owner, who is an elderly lady, and they know the house as they cared for it for a couple years.

The buyer and owner need to get together.Also, at 87, you had better get an attorney involved, 3 areas of concern, financing, medical issues and the owner qualifying for benefits for care, elder laws, but the last may no be a big issue with an old crusty landlord type, he knows what he's doing more than you might think, except for the medical issue side. 

The owner is elderly and wants to unload the property.

Finally, you'll have to be buying some place like Ogden or Box Elder county to really score some of those awesome multifamily deals.

Owner called me today and very excitedly (as excited as an elderly beat down gentlemen could) told me that the sale was postponed and the bank is working with him to modify the loan. 

The fact is that if you have back taxes, are behind on your utility bills, or are elderly and are out of savings you are not in a great position to bargain.

I took care of an elderly man in his house at one time and he has gotten better but we kept in touch and i to see him once a month or so not for work but because he does not have any living family.

Elderly tenant with declining mental faculties gets taken advantage of by some young drug addicts (meth and other stuff) who convince her to let them take showers at her place (water is included with rent) and they start hanging out there and stealing from her.  

The second property I put under contract was a distressed elderly disabled who inherited a property in Salem New Jersey.