I know housing for the elderly is a popular topic but that has less appeal to me.

The deal was fairly unique as we ended up getting it substantially under market price mainly because we agreed to coordinate the sale of the elderly seller's furniture.

We would like to put $3000 down and have payments around $600, what is the best way to approach this elderly gentleman with that offer?

The property is owned by  an elder woman whose son was  selling her property because she is terminally ill.

Andrew Syrios Sam Elder Nathan Baumgart Adam K.

I'd sure hate to 1) Move into that neighborhood again after many years living in an A+ neighborhood   2)Have to kick my elderly tenants out.

-I think the only thing holding them back from selling would be that the elderly wife still lives off the rent flow.Isn't this perfect for a potential subject to, or lease to?

If that's all you are doing and have cold feet, stay in a fund, annuities can be had from insurance agents.Besides the money, I liked knowing my money wasn't backing some sleezy corporation, polluting the ground or air, wasn't used to make people fat or die, that it had a social purpose, built dreams for families, kept an elderly person in their home, gave people a chance to build a nest egg or go into business.

The beneficiary deed transfers the property to you when your mom passes.I do recommend you consult with an attorney knowledgeable in estate planning and elder law and a CPA.

Currently all of the residents use the upstairs for storage (although they are all elderly couples so no need to climb the stairs).