In other words, is there an easier way of doing it without doing a new power of attorney for every individual transaction?

I wasn't sure if having a tenant in there would make a difficult for an appraiser to come out or the process in general but then again, I know rental income can be used as purchasing power, just didn't know the seasoning period length exactly for most lenders in NC. 

I am also looking to create a power team consisting of a RE agent familiar with investment properties, rehabbing and rental properties, a visionary property manager not afraid to take on challenging properties and an efficient General contractor.

A family member is the power of Attorney over the house but she is afraid to sell the house because she isn't sure if Medicaid will be taking away from family member.

Here in MA, I believe that you would have to execute a power of attorney for another party to close for you.Some states (not MA) allow for a notary to close. 

So buying power has decreased significantly for this program, but the 5% down is still available.FHA is still a strong tool especially if underwriters would start to count non-conforming units into the total unit count. 

Shoot em up areas always do badly in a downturn unless you are loaded up with Section 8 in which case no need to worry.As many have said above it's hard to see a big downturn coming, unless some incompetent socialist gets hold of the reins of power.  

That's what makes it so fun and powerful.

We are more powerful than we give ourselves credit.

If the son wants to sign then he should do so using a valid power of attorney (or court appointment as a guardian/conservator).