He now owns several in the street he resides in because he was tired of them deteriorating & attracting groups of kids etc.He then did the 'rent to own' thing with several of his elderly parishoners & in fact maintains them with a landscaping crew etc.He finally admitted it will be a nice retirement income boost when the time comes.

It could attract parents with an elderly relative or an adult child wanting some personal space.

I know I didn't hear that from the elders I talk with.

The borrower was elderly, and the investment would tank if this exit strategy failed.

It hastened the deaths of hundreds of thousands of the very elderly who would have died within a few years, and it hastened the inflection point at which maturing families decide to leave NYC, as they always have within a few years. 

And here's why: As @Nick Elder points out, in just the past month, we've seen 6.7% appreciation for SFHs in Denver and almost 20% in the last year.

I only own one house there and it is rented by an elderly couple with a voucher.

At the Housing Authority we had a 15 pound limit, that takes in all the lapdogs popular with the elderly tenants we would get or others.

In fact many of the tenants in our SFRs tend to move on to purchase their own houses, whereas many of the tenants of our multifamily properties are on fixed income and/or are elderly and intend to continue to rent.The quality of tenant will depend on the quality of the neighborhood, the quality of the building, the management style of the landlord, the lifestyle the tenants are seeking and what they can afford.

I used my first home buyer loan to buy a 4-plex. Part of the stipulations in my loan is that I have to live on the property for a year and must move in wwithin 60 days. One tenant had voiced to me that she plans on mo...