Attorneys that specialize in this area can assist you in doing the sell so that the money can be used for your grandmother-things like new clothes-rather than just being swept into her medical care.Also before doing this get the best, most nit-picky house inspector that you can find and have him do a complete inspection of the house. 

For example, you can leave part of your money at 401k as cash reserve in case of emergency.   

You’ll need an emergency escape window, smoke detector, receptacles, insulation, drywall, etc.

With the remaining money, you can start to build a 6-12 month reserve for emergencies. 

Verona is home to Epic, the billion dollar medical software company (their campus is nuts) as well so that affects things around here.

After I finish medical school, I want to work my way into large multifamily rental properties.

Sometimes there are discounts for being a union member (or having a spouse who is), or belonging to certain organizations (American Medical Assoc., AAA, AARP, etc), but you won't just hear about them, you have to ask.

A $25 billion emergency rental assistance program has been administered by the U.S.

Any suggestions on values for dwelling, personal property, personal liability, and medical payments?

He has $50,000 in cash (not including money in savings for emergencies).