I just joined BP a few days ago: Looks like a great site and I'm happy to be here.Currently, I work as a caregiver for my elderly mother.

Seem like a good way to learn something of what a landlord sees.Collecting rent was a one time deal, but I helped with maintenance around the house and she went to college ( as an elderly woman) to study construction - she drew up plans that the city approved and I would help build or paint or anything else she needed - it was not something that happened full time or very often , but I jumped in when I could and usually remember back to something I learned from her whenever I'm working on properties.

Like burned to the ground.Happened here to a very elderly couple,,,she came within seconds of losing her life.

It always pisses me off when people 20 years my elder lecture me about how screwed up my generation is while they pull in copious entitlements funded on my dime.

I have made other arrangements occasionally for the elderly living on a social security check.

Is it possible to make an offer on the note directly to the bank and then work with the current owner (elderly somewhat disabled, living in one of the units) to sell me the prop for what she owes?

Many elderly tenants are on fixed incomes.With social security not raising payments every year and other costs rising budgets are tighter than ever.I would make sure if you raise the rent it is very minor at best.If all the tenants pay on time and are good long term tenants you don't want high reno costs to get unknowns in there.I have seen this before where rents are higher but after rehab turnover is much greater negating the higher rents with more outlay of eviction costs and lost rent and damage to the units.I wouldn't raise rents right away.I would move in and then see how the property operates and get to know the people before making any decisions on rent increases.

She's a Canadian resident and elderly.

It also took several months to get it through the court-system due to the fact the seller were elderly.

Before we get into long speeches about never doing business with friends, I told him from the onset that I will have no problem evicting his "butt" (not the word I used :) ), in spite of him raising his only son and taking care of his elderly mom.