Then payments by the trust to your parents or the children gift cash to their parents to maintain living expenses.Let me know if you want a contact for elder-care planning.

@Sam Elder did you end up purchasing any properties with Memphis CashFlow?

However ~There are special circumstances that this can work out, say for instance college student rentals near campus or perhaps the elderly snowbird  thing or vacation rentals during peak months. the point is this in most cases is s red flag .

I am concerned about his son, who I think is probably driving this whole situation more than his elderly father.You guys are making me feel better.

Unless you rent to elderly which I believe you are more limited.

Virginia added in "elderly," a whole other issue for my rental there.        

A elderly family member has a 1,300 acre ranch that she's looking to sell.

I happen to have a heck of a lot more repect and feel better paying my taxes for this girl, who is not only a full time nursing student, but also works part-time taking care of the elderly and takes care of her one yr old baby.

The property is occupied by an elderly woman, the original owner.  

The units off TIllman were a great project for the Binghampton CDC and now houses elderly for the Church Health Center.