<prompt> Human: I just found out that my in-laws who are 65ish are in a dire financial situation. I think they are going to start collecting 2500-3000 total SS but outside of that, they have minimal savingsincome stream.My wife and I think they can survive on SS but not sure if they can afford much else. We currently rent in a VHCOL area but are thinking of buying them a 300K-400K house that they would pay us rent break even. Is this a terrible idea? Other suggestions? I think we could help them budget with SS and some minor investment strategy with what they have left.  <response>: They need to work til they are 70 and hold off taking ss until then to maximize their benefits.Do not buy them a 400k house and hope they pay you rent. It cant end well. 