It was used for medical offices in the past but 7 years ago the owner(doctor) thought he and his buddies should renovate it and were working with out permits. 

Specifically, what are good areas to live in that are close to the naval medical center in Portsmouth, VA?

@Antoine Martel right now I need to keep my job because of the medical that I get for me and my daughter and still can do it it part time.

They done it for a few years.They explained they were professionals, husband was a doctor, didn't have the time to run around looking for deals.

Young Doctors andwell paid professionals cant save enough money for down payment,because prices last year went up 23%???

A new hockey team, medical school, NFL team, and growing population have me pretty excited to be here.

Sounds like he is probably already doing well financially being a doctor and perhaps has other assets like stocks in addition to the house ?

The person with the POA has to be determined by the court to be able to sign a property over to you.2) Oftentimes the county or the state have a claim against the property if medical/memory care services were performed at their expense.

Property details= 2 BR/2 BA, Flat, Laminate floor, One car garage, decent sized backyard, next to Hospital and Great medical district of a University Listing price was 74KOn market for 6 monthsAgreed purchase Price 65KDown payment is (20%)= 13KBank finance 52K @ 4.5% InterestAnticipated Rent is $675-750 per monthSo after the inspection, for it to be move-in ready I'm looking at about $1K repairs and possibly $500 to renovate/update.So based on the math: 1) It doesn't meet the 2% rule (would be $1300 rent, not even close) 2) But meets the 50% rule (337 - 267= $70)In addition, my net cash flow (deducting CapEx, repairs, PM, etc) is looking like $70+/month) so it isn't like $100-200 like what most people would want.

What if there was an accident in the house and they are both in desperate need of medical attention and can't get to a phone?