If I do this repeatedly it could be overturned and I could be classified as a dealer as it appears those houses were really inventory and I did not plan to hold them long term as an investment because at that point I'm makng more money on the sale.

I'm new to the investing side, so I am speaking as a business person here.Greg is right about any family coming in to overturn the deal, be sure you understand who will swoop in after her death and try to get the property and your deal overturned.If you are in no hurry to get into the property, then maybe you can structure the sale in one of the following ways: (1) possibly a sale at a fair negotiated price, with a leaseback provision, (2) sale at a fair negotiated price, where she carries the financing so you pay her a monthly installment and she can afford the assisted living facility, or (3) have an attorney create an agreement of sale that you and she negotiated a price and if that agreed upon price is at least, say 80% of FMV on the date of death, her heirs must honor the agreement and sell to you at that price, or give you a first right of refusal to purchase the property for say 80%, of FMV on date of death. 

I heard there was some talk about getting rid of Prop 13 or overturning it...but I doubt that would happen.I imagine home prices would go down a LOT in CA if that happened..especially in the more expensive areas.

This overturns an earlier decision holding that companies lacking a physical presence in the state could not be required to do so.The 5-4 ruling is also a victory for U.S. states, which have been deprived of billions of dollars annually that would otherwise have gone toward the construction and maintenance of infrastructure, education and other vital services.

The 10 days is the limit of time for someone to file an action to overturn an Improper foreclosure.The foreclosure is conducted by the county clerk of court, not the city.

Here are all the STR regulations: https://www.austintexas.gov/strIf you're a gambler, you could try it and see if the state overturns the local regulations in the next session.

It would be unethical to take advantage of the original deal since probate's unlikely to be able to overturn it since the only witness is going to say something else. 

RUSH over ..Turns out it was some loose plaster in the entry that fell down ( when they moved a frIdge) and I swept it up with a dustpan and spackled the ceiling.

These guys then got jobs in the private sector or another city/county with a different retirement system - they could see what was coming before it hit.I think that some of those massive concessions have recently been overturned by courts - California is doing somewhat better financially, too.

One benefit of an HOA having established rules is that for any changes to be made requires a 2/3rds majority vote of the residents to overturn rules.