I can sell it at any time for a profit, so I'm hoping to let it run and pay for itself for a while before we make another decision on it.

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

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

Look, we’d all like to search the internet, find a deal for sale, analyze the property as having a great cash flow at current interest rates, with lots of upside potential in a gentrifying market.  

I was wondering if it is worth paying for BP pro membership for the special discount with Home Depot (e.g. flooring, appliances, etc). 

But this was an awesome opportunity for me because this is my first living situation where I will be on my own (and getting used to paying a rent/mortgage) but this will put my overall mortgage on a 400k house at roughly $2000 a month for the first year!

There aren't many lake front properties in that area for sale, but there are a number that are in the 800k range.

But really you’re just creating a second job for yourself and one that doesn’t pay very well if it even is cash flow positive at all 😆I used to buy houses for STR but now that I’ve got several STRs up and running that I bought many years ago, I stopped buying STR once mortgage rates went up and housing prices went up.

Then he is going to hire subcontractors to do the job and you are going to pay them for that work as well.  

So for her, the fees of 3% at closing and 1.5% per year is a steal vs paying $400,000.