I let a second slide, wasn't worth messing with at about 7K, but kept collection efforts current, the first was a slow pay but they kept it up, my demands were falling on deaf ears and they had issues and I knew they were ill and eventually head to a nursing home, or worse, and they were not elderly.

There are too many investors in our area who are buying substandard housing, just to prey on low income elderly enters, people with disabilities, and families who are economically disadvantaged.  

This may be specific to my area, but in CT you are limited to collecting three months up front (two for elderly) no matter what you call it.

From the decorating I'm guessing the owner was elderly and was tired of tenants and let the bottom unit go vacant, but that's just a guess as to why the unit was unrented.

When the half of this country who works for a living shrinks to one-third and gets hit with a 30% payroll tax to pay for the bills of the elderly, people are going to get frugal about housing in a real hurry.

She is selling for a relative and any profits will go straight to MD to cover her elderly relatives senior care costs. - hence they aren't too concerned with priceMy rehab partner is estimating 50-75k for repairs to cover roof, kitchen, bathrooms, ect.70% rule would argue no more than $180k sales price but that is virtually impossible in the DC metro area. 

That person living there may have financial troubles or be elderly and may be glad to sell.

It really breaks down to: Lookie-loosUnmotivated (Not Selling)MotivatedOh - I did get one call from a local police station because an elderly lady thought my letter looked suspicious and the officer wanted to make sure I wasn't scamming the elderly!

Im looking to structure an offer on a elderly neighbors house that desires to live in it after and I'll be able to fix up and make an apartment to rent from the 2 car garage for my value add. 

As @Sam Elder stated, you're not going to find many loans that go over a 75% loan to value (LTV).