You first need to decide if you have the heart to truly help seniors.

When choosing a loan officer, make sure you find someone you mesh well with and you trust to have your best interest at heart.

Having the money to spend while also leaving it to the next generation is going to be tough.If she's got her heart set on real estate, get her a solid rental where she can spend the rental income and when she's gone, the heirs can sell the house and do what they want with that money.My mom (early 80s) just sold her house and bought a less expensive one-she put her left over money from the sale into a bank account with high interest.  

It is right in the heart of Salem's downtown and steps from the Historic Salem Common.

Quote from @Joel Mora: Quote from @Russell Brazil: How about responding like a human with a heart would instead of of someone trying to squeeze every last cent out of someone with a dying family member?

Or maybe you can use some money to buy real estate locally and use the rest to buy your house hack in Colorado.Lastly, if you do have your heart set on moving out to the area, the absolute best way to by ANY primary residence in ANY local market is to look for homes with an assumable FHA or VA loan! 

New York is the most complex and challenging state to own notesMany still do it there as there is no competition, but it’s absolutely not for the faint of heart.

It would be like if I rented a car from Uber and crashed it with passengers, Uber wouldn't be liable right?

Some of the reasons are as follows:1) No "Boss" for the syndicator: The GP is often an entrepreneur at heart.

@Matt WujekI usually strongly caution California investors when they have their heart set on the midwest... and in particular a market they know zero about.