I am an only child and my parents live over 1400 miles from me. My dad probably has mild to moderate dementia (he will be tested soon) and my mom has a brain tumor but is functioning better now. Within the past 2 years I flown at least 12 times to take my dad to appointments, visit my mom in the hospital and set up home care. I caught the flu and was so stressed out trying to manage their home and mine. It was also stressful for our pre-teen. Mom recently fired her home care assistants due to suspicision of theft! There is no way for me to know if anyone had stole or if things were thrown away by accident. Mom doesn't want to hire another person to help her with house cleaning, bathing etc. My dad needs help and coaxing to bathe. I am POA and manage their expenses. My dad was resistant to move until my mom pleaded her case. She agreed for me to apply for an IL apartment approx. 20 miles away from me. But there is a 6-18 month waiting list and we've waited 6 months. I don't want to wait any longer because (upon a recent visit) caring for my dad is tough on my mom. The IL apartment costs 2x their current apartment. I have talked to my parents about us purchasing a home for them to live in (not with my parent's finances). My husband and I would select a home with zero or minor cosmetic repair needs, in a good school district (for future resale or rental) and one that is less than the cost of the IL apartment. Purchasing it ourselves will help avoid the asset provision with Medicaid (when the time comes for them to apply). They will keep their current apartment, in case they don't like their new place. My parents would pay the mortgage, taxes and expenses for repairs, maintenance etc. and we wouldn't charge them for rent. They have the money to afford the move and to save. My husband and I have another home (almost paid off) that his mother pays the mortgage on. The benefit of a move is I can monitor them almost daily, not quarterly. I would take my parents to medical appointments and activities at least 2x a week. My mom understands that they will need an aide to help at least 1-2 days a week because of my family's schedule. The benefit of the IL apartment is there are on-site activities that they can participate in on their own. What am I missing here? I don't want to make a hasty decision. What are the pitfalls of purchasing a home for your parents?