You first need to decide if you have the heart to truly help seniors.

I am trying to help you avoid the traps that all of us have fallen into.Your bravado is wildly misplaced and your biggest problem is that you are ripe for the picking by any guru or JV partner right now because you think you know a lot more than you do and you only want to hear the nice, warm stuff.

And even then, luke-warm interest until touching into that $4m/$5m+ mark?  

When choosing a loan officer, make sure you find someone you mesh well with and you trust to have your best interest at heart.

Thank you all for the warm welcome!

Hi Michael,The property will have to meet all of the VA's minimum property requirements, if you want a complete list, they are outlined in Chapter 12 of the VA lender's handbook: http://www.benefits.va.gov/warms/pam26_7.aspAlso keep in mind the appraiser has discretion to call out repairs outside of the MPRs if they feel there is an issue that keeps the home from being safe, sanitary and sound. 

Thank you, everyone, for the warm welcome and encouraging comments!

Having the money to spend while also leaving it to the next generation is going to be tough.If she's got her heart set on real estate, get her a solid rental where she can spend the rental income and when she's gone, the heirs can sell the house and do what they want with that money.My mom (early 80s) just sold her house and bought a less expensive one-she put her left over money from the sale into a bank account with high interest.  

It is right in the heart of Salem's downtown and steps from the Historic Salem Common.

Quote from @Joel Mora: Quote from @Russell Brazil: How about responding like a human with a heart would instead of of someone trying to squeeze every last cent out of someone with a dying family member?