Below provided this is your FIRST property and not another as an investor.Here are a few I have seen work:apartment sq footage is actually bigger than your house so find a big 2 to 4 unit with giant apartments with  more bedrooms and baths than your homeneed bigger apartment due to a new baby better school district for the kids versus yours which will be fully investigated by underwritingmoving closer to your job or for  a new job - get a new job :)in law situation where you will have an elderly parent in one apartment so you can  take better care of them and they will  not  pay rentSeparately you will be required to get an Appraisal on the current home to prove how much equity you have in it, 25% per fha rules IF you want  to be allowed to count the future rent that house would bring so Appraiser would also do a Rent Schedule to prove rent it could command.

I'm young, hungry and determined before 2017 ends I will be a millionaire but I will the help of elders and others that have taking this path to legal wealth.

We have an elderly lady who sold her rentals, and put it with my company, she wanted it to compound. 

I received a call from an elderly lady today in Albanay GA.  

I checked into this aspect for an elderly relative once when she wanted to rent her downstairs to a quiet young lady and two young guys who she's a really scared of insisted they saw it first.I don't want someone then come in and say, but it's an LLC, couldn't be owner occupied.Remember, most of what you do if you also live in it is personal, and non deductible as a business expense.

I know a lot of elderly property owners would love to get out of their 1031 exchanges because they are tired of being property managers.

I found a similar situation with an elderly gentleman, but he has a lien on his house.

The ARV is $52,684 she does not want to boot the elderly lady out who has been living there for over 20 years.

I’ve had a great elderly couple renting my home in Henderson NV for 6 years.

http://tra...The long story short, they have homes, and renovate it with things that cater towards elderly people by putting in ramps, outfitting showers with handles and holds, wheelchair lift, etc.They have like 3-4 bedrooms, and rent them out by room, one to two people per room.