Circumstances should be something real like health, financial change, divorce, death etc.The properties I have seen change purpose have never had a loan called due etc that I know of but you don't want to be that one case someone decides to chase.Lenders seem to have lots of data anymore, we see them watching utility billing etc to determine occupancy.

this is for your health!!!).

He can treat himself as an employee of the new management company and yes he can use it to supply his health insurance etc.  

(only applies on 3-4 units)- do you have 3 months cash reserves after down payment and closing costs (unless if you're getting a huge lender credit to pay all your costs) - only applies on 3-4 unit properties- health and safety issues on the property?

On one hand you might be doing them a favor by urging this couple to confront her declining health and consider an assisted living arrangement or possibly moving closer to a supporting family (maybe the kids?).

^This will help promote you with other people who have keywords set up for your area.

@Chris LowYou are correct that promoting home ownship is the goal.

The wife is ready to sell for a very good price, but her husband has been in the hospital in very poor health for a few months.  

They don't want to sell it, but they're in poor health, strapped for cash, and want to stay in their home.My market is super hot, and I don't want to have to compete for this house with the thousands of other investors in my market.Also, one of my neighbors is a total jerk, and at the very least, I want to control who moves in directly next door. 

If your thoughts include how to better merge the fitness industry and the health care industry that's great as well.