In the lawsuits it said they targeted naive investors, or the elderly, and from being in the room I can attest that 95% of the people were or somehow mentally not all there.

He knows we love to get them & clean them up with investor friends.They had to remove & hospitalize the confused elderly woman & impound 4 large dogs who apparently had not been outside for some time (if you catch my drift).I took a look at it & dry retching was the least of my immediate responses !!!  

when your dealing with the elderly's money its about security before return.and real estate is RISK  partnering on rehabs or development deals is HIGH risk.lending in the right situations can be very safe... as well as buying B plus grade properties.without leverage 2,800 a month cash flow on 200k purchase is tough in the better areas.you may look as someone suggested in the smaller far eastern Washington areas.. or up towards Omak or Kettle falls  and down towards Walla Walla..

We are elderly.

But there are all kinds of tenants...and an elderly couple may appreciate not having to step into a tub.

Here is one of the links I came across for anyone else looking to do this in the future:https://mymortgageinsider.com/buy-home-for-elderly-parent-best-interest-rates/

Has anyone here owned section 202 (SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM) apartments?

My wife recently became 25% owner of a vacation home (her 3 siblings own the other 75%) which is currently occupied by an elderly family member.

I cannot tell you how many times my older elder law clients, who are moving into assisted living or skilled nursing facilities get a lowball offer for their house.

Evan Farr is a elder law lawyer.