Some people had elder tenants who had no one. 

There are 3 elderly people left living there, the rest are STRs for refinery contractors.  

So this is a multi-tiered question...Working on our very first deal, negotiating with an elderly couple and would love to work out an owner-financing situation to then BRRRR. 

The owner was an elderly woman that passed away in 2016.My partner and I would like to try to enforce the 30 day abandonment clause written into Michigan's foreclosure law.

@Jerryll Noorden The person I spoke with was elderly and had no clue about the market.

The investor will offer the following:Cash transaction;A quick sale closing with no inspection; andYou can leave behind any items you don’t want.The problems begin when the homeowner is elderly, alone, and doesn’t know the true market value of their property:They may have purchased their property over 20 years ago for $50,000, $100,000, or maybe $200,000.That same property now could have a market value of $300,000, $400,000 or even $500,000.The idea that they purchased the property 20 years ago for $120,000 and are now being offered $220,000 sounds appealing to these homeowners – their mortgage might be paid off and they will make $100,000 – sounds good right?

So would really have to get in touch with an elder law estate attorney who drafts estate plans for medicaid triggers.

I'm sure there are plenty of folks that do deals with elderly owners; has anyone experienced a time where they've done a seller-financed deal and the seller dies before the terms were met?

Driving elderly friends that could not drive themselves to the funeral.  

Hey there amazing people,I’ve been thinking about opening a new elder care or nursing home center in the DC/MD area.