Residential Care is purely for basic assistance with ADLs vs Assisted Living which includes more skilled care. My market is Jackson MS and I plan to start a 3 bed Personal Care Home - no license to start (legal up to ...

This elderly tenant signed the lease for one year.

Next door elderly lady's Pit Bull bit her finger off. 

I have an elderly customer that wants to repair a decent-sized hole in her ceiling.

Purchase price: $240,000 elderly mother living in home, will be converting to rental later

(AND) Inflation at 10% has already made her $50,000 worth $45,000 in spendable cash.It might be wise to get with a professional who specializes in assisting "Elders" with estate planning from a financial perspective.To help lower the tax burden for real estate transfers during an emotionally trying time.I can't remember the title of this profession right now, but maybe one of the other forum posters can provide that.Trusts and structuring finances and etc..for elders from a tax perspective in light of that unpleasant event.What I am saying is the purchase of rental real estate might not be (or might be) in her (and eventually your) best interest--financially, (when that unfortunate day comes).Good Luck!

If you cant find that info then see if you can find a local elderly services place and call them for help. 

If your grandparents are on or want to receive benefits their income is limited for a family of 2 to less than $23169 in Michigan - owning real estate or note income can disqualify them from a number of programs for elderly. 

Couple of weeks ago i looked at multi family unit for sale in the area i wanted to move to that looked in photos like it was adult/elderly care facility with a 3 bd apartment home on the same lot.

PS: they are elderly and still working past their retirement age.