Did you know Fannie Mae offers a specialized loan program for consumers who want to buy a home for an elderly parent or disabled child to occupy. This program allows owner occupied financing at normal rates even though the buyer will not themselves occupy the property. The borrower must show that the elderly parent or the disabled child cannot qualify for the loan on their own.
When buyers have questions about what they are considering buying, reach out to a lender. There are often solutions out there, 1031 exchanges, etc. Normally there is no cost or obligation to find out.