Since then, I have had to evict two tenants using attorneys, which were very costly, one tenant stabbed two women and went to prison for 8 years, one tenant beat up an elderly man, and one seemingly bubbly woman committed suicide and i had to deal with family out of state who could not get along, and a few tough other scenarios.

Once the returns are filed, the amount the taxpayer pays is regular tax plus penalties.Also, the IRS will do "an offer in compromise" and adjust the amount to as little as 10% of the actual amount if the couple is elderly with few assets.

Minimum wage jobs are the norm, but that makes it hard to meet the income requirements for renting, not to mention the elderly with fixed incomes.

I split time for work in New York and Delray Beach area, and have had many conversations with elderly folks that they are actually renting retirement home as opposed to buying.

When I was moving many of the elderly mostly Polish people in this neighborhood were slowly selling. 

We felt that the promoters were taking advantage of the poor (some elderly) schmucks in the audience.I paid off a house early. 

Allowing the elderly owner of the third house to continue to live in and only pay me a break even (taxes, insurance, maintenance) rent amount.

2 does he have income3 does he have assets4 if you do this without him getting legal advice, you may have a problem in the future.5 look up the elder abuse laws in ca.

@Sam Elder - Hey!

Elderly, fixed-income people had no option but to sell and relocate.