How would you feel if your elderly parents or grandparents were in this situation?

I'm planning on making my first real estate purchase with my parents and we're targeting a single family value-add home in the upper middle class town that I grew up in and that my parents still live in in the East Bay.We're going to be purchasing the target property all cash, making some improvements and then subsequently putting traditional financing in place and hold the asset for the long term.

plumbing, I remember growing up and my parents rented the upstairs unit and it was plumbing then and it is plumbing now.

My parents did this and the guy cuts it for $15 less than the neighbors...laughs on them and also ended up getting a few more neighbors onboard too.

I know it’s best to take the lump sum rather than annuities but my parents’ chose this years ago, and I can’t change it (I just spoke with the ins company).We are in no hurry to move.

Now that I have achieved far greater financial success then my parents ever could, know what, I tip generously based on service, averageing 20%.

An older post saying how she thought her parents were going to be pissed, but no further explanation.

There are several homes in my parents neighborhood that are rented out to a religious group that uses them as a kind of assisted living home.

Do I just take the loss and tell him to keep it, donate the house (assuming anyone would have it) for a tax write off, try to find someone that wants to fix the place and give it to them for what I paid for it (it also has about 1500 in back taxes due on it),....

The person who owns it currently just had it passed down to her from her parents.