Quote from @Shah Kadirmohideen: Has anyone heard about this lender?

And, know this: what you don't know will hurt you. 

Which agency can I talk to on this for advise?  

How are people do this?

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

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

For instance, I had a 72 unit apartment deal where surrounding homes in the area were $130k and because of this I couldn’t push rents to where I wanted them to be because qualified renters could just buy a house for around the same monthly payment of my two bedroom apartments.

thanks for that shout out @Bill B.. 

Is this something I should take in consideration? 

I work in Potomac, MD, and would like to buy a condo or apt that I can easily commute and live in, and then eventually rent out, and then buy another.