we had visited the house several times prior to the sale, knocking on the doors with no response.after the sale, i visited it a couple more times, we did not change any locks yet because the house was secure and appeared in good shape.much to our surprise, this weekend, while we were getting ready to change the locks, a spry but elderly gentleman presented himself and asked what we were doing... 

Reverse Mortgage is a special mortgage for elderly homeowners and the others are various guarantee programs. 

You need lawyer.In order to qualify for the "housing for older persons" exemption, a facility or community must prove that its housing is: Provided under any State or Federal program that HUD has determined to be specifically designed and operated to assist elderly persons (as defined in the State or Federal program); orIntended for, and solely occupied by persons 62 years of age or older; orIntended and operated for occupancy by persons 55 years of age or older.

Four out of 6 units have been remodeled, as we have elderly long term tenants in the 2 un-remodeled units. 

Hi BP,Can you refinance a primary residence that has been converted to a care home? Lenders have said they cannot help with refinancing because the care home is seen as a place of business. They suggest to get a comme...

It was deteriorating and neither had intentions on coming back to state...both elderly, paid for work that never got done and difficult for sis to let go..But I sent her pics of rehab, invited neighbor to look at finish...Well Pleased and Continued Thanks!!  

Even if your name is not on the loan, you would still have to pay to protect your 50% interest from foreclosure.The only upside I can see if the remaining co-owner is elderly and you're buying your 50% at a substantial discount.  

https://www.realestateconsulting.com/8-big-housing...TLDR; Prime real estate will be unlocked for new home construction (parking lots, auto dealerships, gas stations).Outlying drive-until-you-qualify housing markets will eventually reemerge once the majority of core infill markets have repurposed their prime real estate.Urban employment should continue rising as prime real estate is repurposed for housing, allowing more people to live closer to city centers.Density will increase, with the days of wide streets, massive driveways, and two-/three-car garages a thing of the past.Construction costs will decline as transportation costs plummet for moving building products from manufacturing facilities/warehouses to new home construction sites.Fewer home sales will occur, as the elderly will be able to stay in their existing home long after losing their driving rights.Assisted-living facility demand will be less than most people expect.Repair and remodeling will flourish due to seniors remodeling their homes to age in place.

We fixed the house up and licensed it as an RCFE (Residential Care Facility for the Elderly) but are having a really hard time finding residents, which is why we have considered to let go of that dream and rent out the house with the intent of starting our rental portfolio.

My business partner found then lovely elderly couple, who are both in their 80's, via wholesale.