Reverse Mortgage Deal Options?

[Allen Maris]

Hi, I'm hoping someone can offer up some thoughts on this as I've run out of ideas.

House has a reverse, balance is about 270k, value is about 230k. The heir can't qualify to buy, but really wants to stay in the house. I'd like to help them figure it out, even if that means no money for me.  I'm assuming even if they did a 95% short sale on it, there's no way to rent it out profitably. Market rents are in the 1600-1700 range.

I appreciate any thoughts!