An elderly lady with serious health issues has 20 acres with a house and farm (both in extremely poor condition and not livable). 

The question is typically raised if the home is being sold in the name of a trust or if the property is being sold by several owners with different last names and the property is extremely dated with dated furniture (like an elderly person has lived there). 

His phone number comes back to elder lady in Alabama.  

I have an elderly long time family friend living on a property that includes 3 parcels grouped together.

Taxes are only one year past due.Speaking with the neighbors, an elderly lady  (85 yrs old) lived and was forced to live a retirement home because she was a hoarder and lived in her car outside her own house.  

By the time the whole process was done we had bought a few homerun deals that more than made up for this loss.Lessons learned: AVMs can be waaaaay off, elderly people with fixed income don't make great borrowers, legal system is expensive and judges do whatever they want (what are you gonna do, appeal and spend thousands upon thousands.. we're not BoA able to sustain litigation for years)

The property belonged to my elderly parent.

I know my initial list contains some of my personal pet peeves.I’ll only modify your response slightly:… lend your retirement plan out to random out-of-state flippers (i.e. strangers) on a home you’ve never seen in a town you’d have to find using a map.OrPut your family’s house at risk using a HELOC (in this day of rising rates), borrow from your elderly grandmother, and use credit cards, so you can learn how to do an out-of-state flip.Jeeze.

Depending on your wife's parents current heath and net worth it also might be wise to review this plan with an elder law attorney so that there are no suprises if they need nursing home care down the road.

Unreal numbers.A Fairy Godmother will not give you the closing costs and finance more than 100%.No seller will accept zero and no security, if they are elderly you are going to get called out by heirs or family and depending on the state, liable for abuse.Seller is going ask market rate of 7% due in two years.