I am also part of an elder care group in town that focuses on nursing homes and estate attorneys.

One problem that is a little more likely to pop up I would imagine would be an elderly person on low income living there kinda check to check, and if something goes wrong with their physical/mental health and/or their pension or S.S. checks or whathaveyou, it is harder to kick them out if necessary.

It was elderly sellers who did not have the cash or energy to keep up with the maintenance.

That tenant was able to run up a $4K-$5K gas bill (that of course she wasn't able to pay), because law prevented the gas company from turning off the gas during the winter (because the tenant had a newborn and an elderly relative staying with her).The point is I agree 100% with Mike, Rich, and the others about tenants paying their own utilities.

Hello, I have a question about buying a property from a power of attorney for an elderly person. 

They call this RCFE (Residential Care For The Elderly) or Board and Care in CA.It is not medical and you can do this in a single family home.  

(walkable distance adjacent to my parent's property)I want to help my elderly dad paying off the bank-owned land(2nd property), fixing, flipping and renting out old falling down 12x60 singlewide trailer as my first time home flipper/landlord.

@Nick Elder I think that the lease of the 3rd room would have to be between the owner and the tenant.

You are wanting seller financing (taxes aside their elderly do what good is money to them if they’re dead??).

Ill make this as short as possible.....I have an elder family member who does not want to own a house, she wants to rent from my wife and I as we are trying to grow our portfolio.I currently do not have enough $$ to just go out and do traditional financing to place her.However, she was recently approved for an FHA loan.