I found this deal because I heard an elderly lady passed away down my street, and heard that her relatives (the executor of the estate) were staying there.

Some places that allow a small second residence on the property target those to "in-law"-like units, where an elderly relative can live independently on the property.Thank you for your post - it's an innovative concept.  

We have heard all the stories about bad contractors, but again down here, is the only place, you will find roofing contractor vans driving around after a hurricane, seeking out elderly people with a broken roof, and offered to repair or replace it, but with a 50% deposit in cash or check, and they "will be here tomorrow bright and early". 

Give yourself some cushion for time to sell, and depending on market timing (some times of year it's easier to sell) you might be glad to have that.There has been some other discusion regarding houses belonging to elderly who face assisted living arrangements and nursing homes.

I had to lecture the tenants of one house where three elderly ladies live.

Evil, greedy developers displace long-time residents"There was an article not too long ago in the Tennessean about how an elderly lady was "forced" out of her house by the greedy developers.

Elderly lady is selling her 10 investment properties.  

I have handled a number of properties where the owner wanted to "help out" students, or elderly, or a nice single mom, or whatever.

It doesn't matter that you didn't know or that you didn't intend to.You need only one complaint, particularly from a vulnerable party (elderly, black or other minority, someone deemed "incompetent", someone in bankruptcy, and on and on - then they pile on the charges.

An elderly man invested $1,700 in property and by 1925 the property was worth over $300,000!