Purchase price: $21,000 Cash invested: $21,000 Sale price: $30,000 2/1 that needed quite a bit of updating, but it had an elderly tenant in it that had health issues & also had a son staying there that didn't work or helped her at all with payments.

(Elderly man in hospital, landlord knows he is in hospital, takes his home from him 😬) I understand your frustration as I have been in a similar position myself, but I personally would have to find another avenue morally and ethically.

Tenant #1 has been there for ~2 years, Tenant #2 ~5 years, Tenant #3 ~ 8 years, Tenant #4 ~15 years(elderly, recent circumstances may lead to moving) 3 units have a rent of $475 and one unit is $550.

Don't do any combination of these things when doing Subject Tos: 1. don't do a "kitchen" table closing 2. don't use a Quit Claim deed 3. don't ask the bank for permission 4. don't do one without a title report 5. don't write up the paperwork yourself 6. don't do one unless everybody who has an interest in the property is on board 7. don't ever miss a payment 8. don't do one if the property is in bankruptcy 9. don't do one if you don't know what you're going to do with the property 10. don't do it in a trust 11. don't try to hide what you're doing 12. don't buy unless you know all of the numbers 13. don't buy unless you have a solution for the "Due on Sale" clause 14. don't do one if the loan is underwater 15. don't do one if it's with a "vulnerable" group (elderly, handicapped, minority, etc) 16. don't do one if it's still in probate 17. don't do one if it's a reverse mortgage 18. don't one one if it's a FHA loan (unless you really, really know what you're doing) 19. don't do one if the seller wants to buy a house in the future 20. don't do one if it's in forbearance 21. don't do one if there is a 2nd loan or lien 22. don't do one if the other owner is in jail or "location unknown" 23. don't "not" record the warranty deed. 24. don't do it at all without disclosures.

Kids are often not especially impressed by an elderly home's fragile and painstakingly-preserved vintage charms.

Rent is paid by the elderly womans social security check. 

Hi All,I know this might be a long shot and I know I will need to consult a lawyer that specializes such a case but I will see if anyone else has seen this before.I have a possible deal with a single elderly lady who is bipolar and lives in an assisted living facility. 

Unit 2: $1100Improvements: roof and front stairs - $25k Monthly cash flow: $376 per month (total) Income $1850 Expenses $1473 CoC ROI: 7.41% **Note: $750 for the first unit - tenants are elderly and have been there 25 years and would not be removing them or hiking the rent up.

Ideally, we'd like to find a house with elderly owners who want to move but haven't made updates so we can add instant value (like an additional bathroom & kitchen remodel).

One of the clients is an elderly handicap male that needs elevator service.