@Mark Elder asking for direction right?

Often(but not always) these neglected homes are owned by an elderly individual in an assisted care facility.

Since the seller is elderly, ensure you she discuss her transaction requirements with her attorney and accountant.

- Quadplex in Richardson, Texas- Gross Income : $27,600- Expenses : $11,405 (Utilities paid by the owner, insurance and property tax $4200, I think is little too much, almost two months of rent, but this is Texas remember)- Asking price $165,000 - Built in the 1960sUsing the 50% rule, expenses would be almost $14,000So per unit calculation would beRent : $575Expenses : $288NOI : $287Debt Service : $185.49 (Based on 25% down, 6%, 30 years asking price)Cash Flow : $101.50Calculated Cap Rate 8.8%The property is 100% occupied, and owned by an elderly couple with several other units.

They are elderly, healthy, retired, live very comfortably, make minimal to no noise at all, very clean and they pay on time all the time.

You have to understand not everyone is an entrepreneur.If they work and take a paycheck every week that is their mentality.Work until they can't and HOPE retirement and the government will take care of them in their elder years.Sadly that isn't going to be the case.

If you mean by "passive investments" a CD, MM or other totally passive investment, some folks are elderly, disabled or otherwise unable to actively do anything, the YUCK is them not being able to be active, not their investments.

Locally, an elderly gentleman was bit on his porch by a large dog and eventually died.

His elder mom passed away and his dad was moving in with his son. 

Morally I couldn't kick her out but maybe I could rent out the other room to another disabled elderly woman?