If so,  could be pay the elderly man a set amount every month?

However, this property is owned by a close (elder) relative that has asked that I keep in the family.  

I am currently in negotiation with a seller to buy two duplexes here in South Florida.To give you some background information the seller is an elderly retiree and is looking to sell these two properties that he personally had built back in 2004.

Guardians and Trustees also frequently sell properties to fund retirement for their elderly clients. 

Hey guys, Wanted to get your feedback on something. My husband and I own a SFH in the Bay Area and we're considering not renewing an annual lease.  Our current tenant has been there for about 3 years now.  We're on th...

Now since your closing your selling something you own.. that worksHowever whenever I have had an elderly seller like this..

(Moving, sick, elderly, equipment is old and they want to dump it on someone else, demographic changes).

@Brian Gibbons The seller in this case wants to sell "as is", no repairs, no contractors (elderly person).

Reverse MortgageCaveat: check with heirs of will for their ok, check with elder care attorney, possible competency issues.See http://bundlr.com/b/installment-sale-contract@Bill Gulley

, then use those connections to build your own contact base and niche.An elderly family friend just made the transition to investor.