For that reason, it is generally a good idea to consult an attorney that is familiar with your state of residence's probate and elder laws.

I am considering renting it by the room, by the room on Air BNB, by the bed to utility workers, or by the room to the elderly.

The only reason I went with a 5 year balloon is because the seller is elderly and wants his money in a shorter amount of time.

If this relative is a senior, make sure you don't run afoul of elder abuse laws or medicare claw-back timelines.

Centers of Medicaid and Medicare Services. there is a ton of paper work involved with getting reimbursed for taking care of children, the elderly, and the uninsured. 

@Rob Elder Thanks Rob!!

We have had some trouble with one neighbor (an older teen, whose friends like to block our driveways while "waiting" for him, rather than pull into his driveway), but really most people just want to get along with their neighbors (assuming they aren't dealing and causing traffic/crime in the neighborhood -- and lately, don't have Covid, so aren't a risk to elderly neighbors).I suspect, sadly, the attitude you attribute to bankers and other money guys, are somewhat racially motivated, combined with the market you are invested in.

BACKGROUND:I live in the East Bay (Oakland - Grand Lake) area of San Francisco and I've become friendly with my elderly neighbor this past year who is willing to sell his 3bed/2bath 2,500sqft 1906 craftsman, to me. 

It can be a really great option for elderly homeowners who are struggling to make ends meet. 

Rather than put up antagonizing signs, I want do something that will instead get the neighborhood kids to look out for or at least respect my property.I don’t think talking to them directly is an option: I’m not old enough for them to view me as an elder (whom they would “respect”) and I’m also female...The only person I have a decent relationship with is the young woman who lives adjacent to my property.