@Neal Elder

Example ; You don’t want a 25 year old hIppy/ band member Guy upstairs and an elderly couple downstairs .be very mindful of how you pick your tenants or you are going to have headaches like this .

If the borrower is in default, in foreclosure, unsophisticated, elderly, desperate, giving up,etc.,  i hope anyone that does it, gets caught doing it and is made an example of.

First off @Kash Johnson I am sorry to hear about your father in laws health and have been through this myself.This is definatly a question for a tax attorney / business attorney / CPA / Financial advisor / Etc.Specifically you want to also consult with an "elder law attorney" who can advise you on the impact of asset protection and taxes when it comes to stuff like this.The challenge always is finding a financial professional that understands the full spectrum of tax and asset protection and not just specialized in one area of it.We use a very advanced trust called an "Irrivocable, Non-Grantor, Complex, Discretionary, Spendthrift Trust" and it has both the asset protection and the tax mitigation.

I have handled a number of properties where the owner wanted to "help out" students, or elderly, or a nice single mom, or whatever.

After some Googling and digging, it seems the home is owned by an elderly lady who may be in a nursing home now and I'm not sure how to track down the right party with whom to speak about a sale. 

Maybe some targeted house hunting on your part, elderly residents, vacant houses that are sitting, estates, You will give yourself an education, and then that's also something to bring. 

An elderly person with Alzheimer's going to a nursing home, selling his own home would be such a case.

Less than 30% of Americans still use a landline and most of those are elderly homeowners, not renters.

Rationale that I have seen successfully work for this: relocation for a new job, relocation to be closer to a current job, relocation to take care of elder family members, relocation for kids to go to a better school, relocation to a bigger or safer property.