Hi all, I've recently come into a situation where I am POA, caregiver, and sole heir of a very elderly grandparent.

Now the bad; the elderly woman who had ben living there had developed dementia over the years and became a hoarder.

Hello BP,I'm in contract on a nice little rental house that has some great potential, there is just one catch.The existing tenants (very nice people) are an elderly couple (75+), on a fixed income, have a laundry list of health issues, and have a ton of stuff in the house, not hoarders but more stuff than 2 people should have.

Currently belongs to an elderly lady.)2 BR 1 BABuilt in 1940sNew roof in 2012Dry crawlspace with no visible issuesBacks up to train tracksOnly problem is that the house is set back from the street, therefore has an easement on the driveway.

They have allowed themselves to become upside down with the elderly to young ratio.

I respect my elders and their advice, however, make sure that the advice you decide to follow fits with your current economic environment and not your parents' or grandparents.

I suggest you not go 30  years with a note going to an estate, your high school buddy may very well look you up with an unpleasant attitude messing up his parent's estate in their elder years, but check with an attorney familiar with estate requirements.......you can also address such issues with a conditional demand feature, if this happens then they can demand full payment in 6 months for example.

Hi @Sam Elder I like where you're heads at.  

The owner is a family member of a good friend, and the owner pulled some underhanded stuff to get possession of the house after my friends father passed away (it wasn't the fathers house, he sold his to move in with and take care of his elderly mother).

I talked to the owner who was an elderly gentlemen that couldn't keep up with repairs and was willing to talk to me about purchasing his building.