Selling my "tenant occupied" Home
I inherited my home 6 years ago when my mother passed. There is no mortgage. My father, who never married my mother, also lives here and has lived here for 30+ years, but is completely financially inept. He always helped around the home and bought groceries here and there, but contributed zero dollars to the mortgage. He paid some bills but would often let them go overdue and my mom would pay the fees.
I am now married, my wife and I want our own space.
I have offered my father every single option there is.
Build an addition for him? No.
Divide the home so we have separate living spaces? No.
Sell the house and give him a large sum? No.
Take a loan against the house and give him the money to move somewhere? No.
My wife and I found our dream house and are now a few weeks away from closing on it. I gave my father one last olive branch- Pay me for the taxes/insurance (less than 800 a month for a nice home with 11 acres of land) and you can live here for as long as you'd like with no restrictions. His response? "I have no money. I can't afford to give you anything." He refused to discuss any finances, even when I offered to help him. His answer was basically "I can't afford to live here, you'll have to pay the taxes and insurance on the home." I'm estimating he makes about 1500-2000 a month from social security. His "retirement plan" was basically to hope that I lived with him till death.
He has made me and my wife's lives hell for months, and I'm finally realizing the hell he put my mother through while she was alive, so I have zero sympathy for him. Right now my main plan is to look into the dreaded "cash for homes" offers in my state, take a slight financial hit versus selling on open market, and wipe my hands of this by selling the home "as is" with a tenant. Is this possible? He doesn't currently pay for anything, but some of the bills are in his name. What should I do?
Thank you for any advice!