An elderly man invested $1,700 in property and by 1925 the property was worth over $300,000!

The owner is elderly, in a wheelchair and doesn’t want to be a landlord anymore.

However, it makes sense if they are more for student housing, disabled, elderly, or homeless, financially challenged people who would have difficulty paying the deposits to turn on utilities. 

What a long road to haul.As I understand it, as I have never reviewed one of their instruments, the family is obligated and the obligation is to some extent automatically assumed upon the passing of the elderly family member.  

I spent many years in not-for-profit accounting helping children, the disabled and the elderly. 

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

Whole Life have a very small niche in the market for instance, if you have a child with down syndrome or elderly parent that depends on your income.  

Our elders took too big a use of the 2 of 5 year rule and moved from rental to rental for 2 years at a time to save all the taxes and the government was not pleased. :-)

He is a friend of a friend, of my girlfriend's family - elderly Vietnam Vet who lives next town over.

It hurts the elderly and the poor.