Million Dollar Home for Cheap/ Need Specific Advice

[Dymond Johnson]

I know someone with a property that's currently worth over 1 million and the area is growing like crazy, they don't want the house anymore. BUT the house needs over 500k worth of work AND it's in a reverse mortgage. I don't know much about how to get the house with the reverse mortgage ties and my funds are not great to make the purchase. I'm not sure what to do. Any tips? Or someone willing to give serious advice so this deal doesn't go to waste?