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On was an elderly lady who admitted that she has been late with the rent, but it was because she was sick, but she does pay.  

Though, I'd weigh the pros and cons of an early payoff especially if your mother is elderly and nearing retirement. 

The seller is elderly and is in the transition to move to an assisted living facility, that is why she needs extended time to move out.

The second house will be a long term rental for my elderly mom. 

So far have been through one couple as tenants and I am currently on my second lease with an elderly retired couple.

I'd watch out for liability in dealing with all investors, particularly ones who are elderly, unsophisticated, (or may appear to be) otherwise under undue influence from someone or something else, etc.

It doesn't matter that you didn't know or that you didn't intend to.You need only one complaint, particularly from a vulnerable party (elderly, black or other minority, someone deemed "incompetent", someone in bankruptcy, and on and on - then they pile on the charges.

A recent study showed that 99% of American homes are not suitable for elderly residents.

I will be individually metering these ( water) as current tenants when they get pissed just let the water run.. this was also owned my the family that started it.. the lady is elderly and totally burnt out.. by the time I come into the picture its a run down Piece of garbage.. but its got income... 1 house 3 apartments 14 spaces brining in about 5k a month.