If they don't NEED the money for a down payment elsewhere, the income could certainly fund their payment at a new home, rental or retirement home. 

It’s a 3 bedroom home, brand new build and just shy of 1500 sq ft.

Then they could move back into their current home.  

We worked him through the process, brought him a contractor, and gave him all the resources along with giving him tips on layout and all.

Will you be able to meet this requirement while your new home is being built?

@David YoungTo turn your paid-off home into a successful investment property, start by formalizing a lease agreement, assessing necessary renovations to maximize rental appeal, and calculating your cash flow after expenses.

To insure a $350k value home costs more then a $225k value home, because it's MORE being insured against.

If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even.

If millenial homeowners can't even change their home's air filters, or snake a toilet, or change the oil in their car, that's guaranteed future business for HVAC companies, plumbers, mechanics, and those places all need a place to conduct business in.The commercial mortgage pricing software I use has somewhere around 50 different asset classes in it.

And it often works because they are often working such long hours they are almost never home.