Mom/dad gets a place to live in their golden years, which is something you might have needed to pay for any-damn-ways except this way it isn't one of those abusive dictator nurse places, and X years from now your reward is that you have a new rental property that you only had to put 5% down on.

Logic would dictate that your practices are high risk based on the history of our business.

You may want to consider specific lease language that dictates who's responsibility it is to maintain the appliances-or up to what dollar amount repair the tenant covers.

@Rhiannon Then This is your property and you dictate the acceptance standards for it.

They leave when their life dictates a move regardless of whether they have a term lease on not.

Changes to an existing lease are dictated by state or city statute.  

She often just let him dictate the relationship for the most part.

So your contract will dictate.

The new IRS regs dictate repairs vs capital expenditures so you will need to get with someone who fully undersands the new regs.

But - this was only because any new tenant would also be paying less than they were paying.So, in the current situation - I would not lower rents or allow tenants to miss rent payments - until or if the market dictated a different price.As others have said, everyone really needs to save up for a rainy day - whether they may lose their job or whatever.