Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

While the interior is nice, the first-floor kitchen and bath are original from the 1940s.

For a $100,000 loan, we would have to charge 2 points ($2,000) for originating the loan.

Investors typically want to stay within the original budget.The only way to do this is to stick to the plan and avoid COs!

I would think their loan documents give them the right to control the property after the original owner dies - regardless of who is living there (although I have no direct knowledge of the laws where you live).There are details we don't know here... like if you want the house for sentimental reasons, or because you see the value between what it's worth on the market today and what the reverse mortgage company wants for it?  

The main reason I ask is because that is significantly below primary residence mortgage rates let alone any investment loans, if you can get rates like that I might need to make some changes on my end hahahTo answer your original question, assuming all else is equal long-term fixed rate debt is valuable. 

Originally listed above $200k, we landed at $171k.

Now I'd like to sell.I originally wanted to put apartments or several houses, but not anymore, cuz I want to do more hiking, biking, and Netflix-ing, and less scheming.So do I sell as a rental property or as land?

They help prevent after-sale tenant disputes or surprises about matters that originated with the former owner.

While I eventually parted ways with my original partners, we remain close friends to this day.Now, 30 years later, I’m still in Ohio and loving it.