I only own one house there and it is rented by an elderly couple with a voucher.

He now owns several in the street he resides in because he was tired of them deteriorating & attracting groups of kids etc.He then did the 'rent to own' thing with several of his elderly parishoners & in fact maintains them with a landscaping crew etc.He finally admitted it will be a nice retirement income boost when the time comes.

One seller in particular (elderly lady, getting too old and was a landlord) has a property for sale that is in great shape.

My elderly parents actually own one of these cottages (past 40 years), the elderly woman who owned the park recently died and the kids are looking to sell.  

I found this deal because I heard an elderly lady passed away down my street, and heard that her relatives (the executor of the estate) were staying there.

I was told once over the phone my property couldn't be used as an elder care facility...

A big chunk of that $20k currently goes to taxes, and the majority of the remaining amount would go to housing cost (rent for a 2bed apartment), cost for kids (daycare, after school care, extra curriculars), and financial support for elderly parents (I'm part of the sandwich generation). 

If you are going to keep out anyone that has or does smoke weed recreationally in your park you should go there on a Friday night after payday around 10:30 and start knocking on doors.Take about five notices with you for violation of leases because my bet is more than half of your current tenants are lighting up already.Especially if they are not elderly tenants.Look at it this way, if you are above the age of 30 and your skills and education have you peaked out at a career that will only provide renting a trailer in the midwest you probably are not making choices like where am I going to send my children to college, is our passports up to date for our summer trip to Spain, where can I get my BMW serviced?

Enjoy our kids and grandkids.. take care of my elderly mom on Napa..  

Give yourself some cushion for time to sell, and depending on market timing (some times of year it's easier to sell) you might be glad to have that.There has been some other discusion regarding houses belonging to elderly who face assisted living arrangements and nursing homes.