There is no need for an elderly lady to be conned into selling her home for 200k when a wholesaler is assigning it to another wholesaler for 300K who is assigning it to the flipper for 350K.

Quote from @Adrienne Green: @Ross Elder welcome to Chattanooga! 

Quote from @Ross Elder: Great work, Amy! 

Using the 50% rule, I've come up with these numbersHouse #1: Purchase: $57k, Rent: $800, CAP Rate: 8.38%; very long-term elderly tenantsHouse #2:Purchase: $43k, Rent: $800, CAP Rate: 11.09%; tenants been there 1.5 years (roommates with a double security deposit on hold)House #3:Purchase: $60k, Rent: $900, CAP Rate: 8.96%; tenants been there 4 yearsJust wanted to get your thoughts before I close.  

The plumbing on both sides and foundation on each side need fixing. here are the facts-I purchased one side of duplex-elderly couple purchased other half-i paid 10k for foundation repairs-they could'nt afford to pay for repairs-I redid entire house inside cosmetics to update and renovate.

Realtor thinks rents could possibly be raised again in a year.Mom&Pop Sellers bought it 6 yrs ago and are selling due to being ailing and elderly and expecting a good return on investment.

I don't think that the seller would consider any type of seller financing, since he is elderly and has started to sell off his portfolio.Plus, if I finance the entire amount, it will not cash flow.

Since its your home, elderly on a fixed income may be your best candidate.

One seller in particular (elderly lady, getting too old and was a landlord) has a property for sale that is in great shape.

My elderly parents actually own one of these cottages (past 40 years), the elderly woman who owned the park recently died and the kids are looking to sell.