He's been considering putting the money in a "survivor's bond" due to his dad's age and health status.

I personally went through a period when I had about 6 or 7 vacant properties, mostly because I was busy doing other, more profitable things (and another period when I was dealing with health issues).Just because you come across a vacant property, you don't know why it's vacant.

So the neighbor contact the Board of Health, once that happened, the conservation committee contacted us and proceeded to tell us that our property was on wetlands.

I've run into similar situations, less concerned about the wear and tear, as to whether the health department has a limit.

Sure, rate increases affect everyone; however, they are increasing because the Fed is saying they will be tapering their bond purchases (printing money).The Fed is getting ready to taper because they like where the health of the overall economy is going, particularly with the employment data.So the way I look at it is this.

Here's what I know:The city of Corpus Christi has a 3-yr apprciation rate of 5.9%The city of Corpus Christi has a 1-yr apprciation rate of 6.7%Zillow predicts that the neighborhood will appreciate at 7.4% in the next year.The house is on an island, so expansion is limited but has not yet capped as there are still vacant lots scattered in this area.This address is in the best school district of the metro areaThe city experienced 10% net population growth 2000-2010The city's two main college campuses had a combined enrollment of over 22000 students in 2011.The city's top ten employers are in the sectors of military, education, health care, contruction, government, and grocery (local grocery chain headquartered there)The house is a 3 bed 2 bath, which is on the small side of avg for this area.What more what YOU need to know before deciding to invest in this area?

Two health centers nearby.

I've been through a bunch of this recently, but this is complex stuff.First medicare and medicade are two very different beasts.Medicare: Health insurance for the elderly.

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

Check the state laws and with your local health department.