<prompt> Human: They are asking 125,000 for the house and two lots of land. Assistant: For 400 a month I would rather rent it.Human: I wish but the homeowners are in their 70s and live out of state and not coming back home.  <response>: A lot depends on the intentions of the homeowners for the proceeds of the property and whether they want you to be able to continue to live in the house for the rest of your life so long as youre able to safely live in it. They could create a family trust for all of their assets except for this house, and then create a separate investment trust for the house youre renting and give you a 100 year non-transferable lease on it for your current rental rate. This allows the rest of their estate to be immediately distributed to their heirs, while the house that youre in will be left as-is until you die or until you must move to a nursing home, long-term care facility, or into the care of a family member. If they want to use most of the value of the house for their own purposes or to more quickly transfer it to their heirs, then they can get a home equity line of credit for up to 80 of the house and land as collateral to free up the equity less future interest. This would allow them to sell the land separately if its title subdivided. Appropriate legal and financial assistance would be important to create an estate plan of this complexity.Another reason why attempting to buy the property could be bad for you is that youll be spending the little income you have now for a future asset that will probably have to be sold in the future with all of the proceeds taken by Medicaid to pay off whatever medical costs you accumulate before death.Medicaid Expense Recapture and Estate RecoveryThe value of the house will be left to the current owners descendants instead of being taken by Medicaid, if its kept in their family and investment trusts. 