I'm currently a Senior at the University of Nebraska-Lincoln so that's more of the market I focus on right now.

In particular, whether there are any restrictions on the proeprty being owned by a USA citizen, or by an owner-occupant (I will be neither).Thank you!

He was a senior, experienced and savvy investor who got in to deep on another project.What will you do?

For the more senior investors it’s time to get rid of the property’s they don’t like any more to make some good cash on them.

IN some states you may be ceasy not to have a LLC, CA may be one of them due to the overly litigious nature of the citizens (not sure).

With technology boomers as well as other seniors are living longer as well.Some of the cold belt states still do well but only in a few areas.

If you hold a second behind an institutional lender, you do not have to payoff the first, you may not need to with any other senior lien, generally state laws allow subordinate lien holders to foreclose, then you may assume a loan, or make payments until a sale or simple hold the property for sale, depends on the state and lien holder.Rules have changed, what most folks know about seller financing doesn't apply any longer, see your attorney.

@Derrick Craig, it as '94, my senior year.  

For example, find a senior community and market each resident to keep an eye on their property during the summer, notify them of maintenance issues so THEY can call and schedule to have it fixed, collect and send their mail, etc. 

I know the area and this unit is 2 miles from the university, perfect for more senior students/grad students who tend to be the renters (fortunately not a party school). 1) For price, I am thinking of an upper cutoff of $130k, which would be a cash-on-cash return of 9% and a cashflow of $3k/year.