My husband and I wish to purchase a property for his parents close to us and medical care. The association does not allow the condos to be rented, but immediate family 55+ can live there.
The association is alright with my husband and I paying HOA, utilities, taxes, etc, as the property is in our name. My in-laws wish to pay us for the monthly cost of the loan.
I don't know if this must be considered rent as it is meant to cover just their expenses? We are not trying to make a profit on the property.
We do not want to do anything that would cause future hassles with DHHS/Medicaid should they need more advanced care.