I performed the BRRRR on one property with the intent of attracting an elderly couple (which I did and they love the place).

James, agree with your post, which is why I refuse to own real estate in California.The other side of the coin is that an elderly Korean War veteran on a fixed income is also being kicked out alongside everyone else.    

Realtor thinks rents could possibly be raised again in a year.Mom&Pop Sellers bought it 6 yrs ago and are selling due to being ailing and elderly and expecting a good return on investment.

My elderly parent has a house and land to sell (~300k).  

An elderly man on a fixed income should be able to find an apartment that is income-based and affordable.

My wife's elderly grandmother, who owns her home outright, has decided to gift her home to my wife.

Ok thank you for all the great info, Just bought the building and they were on third floor and the rent was more than half of the market rents because they are family to the old owners, they are moving to first because one of the occupants is elderly.

Sorry I'm being morbid but I've seen elderly family members either die quickly or the slow way. 

I'm looking to purchase an off-market home in my neighborhood and ran into a hurdle that I might not be able to overcome...For context my elderly neighbor who I've been friends with for the last couple of years recently passed away.

Probably the best example of unlicensed contractors operating with impunity are "gypsies" who trick elderly residents into "paying up front" for roofing or driveway blacktopping jobs.