There are people in San Francisco & NYC who purchase condos and let the elderly owner live in it for free until they die just to be able to buy it off-market (sellers market).

Here's the scenario, the seller is an elderly lady that is moving out of state.

This is a care home and operated by a company for elderly where my father-in-law resides.Second.

Spoken to the elderly neighbors many times and no one has been around the property.

One of the best deals we did (& I still own it) was knowing from RE agent friend that an elderly man was living alone after the passing of his wife.The home was a big old two story built in '42 with all the plaster & oak still in original but very tired condition.The agent was trying to work out how to approach the old guy so the girlfriend & I just knocked on the door.

Long story short, I stuck to my guns and won both cases, and also set precedence in Huntsville that this will not happen again to others that want to help the elder community in housing them.

My landlord is elderly and wants to slow down and enjoy her retirement without the responsibility of being a landlord.

Burt:I'm sitting here chuckling as we bought a triplex last October from an elderly vendor who had not raised the rents since 1996.

I recently spoke with an elderly homeowner's son about his mother's house.

Her sister who used to live with her elderly mother passed away and her mother is too old live alone so they are moving out.