As we all know, you are really paying for the commission in the purchase price. 

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

Market goes up and down and your tax implication comes into pay when cashing out. 

.✔️ You’d rather pay for peace of mind and legal compliance.Final ThoughtsIf you’re house hacking a small multi-unit (like a 2- or 3-flat) and are comfortable being hands-on, self-managing can be a great way to save money and learn the business.

Typically with houses of this age - you'll need structural folks to dig and install piers into the soil.

Quote from @Leeling Chew: It doesn't matter who pays the bills.

We couldn't close and had to have (and pay for) a re-inspection, even though the hurricane did not come anywhere close by.

For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.

So they price those homes at what a willing homeowner will pay for their personal residence.

You are paying for it with a higher rate.