It sounds like the reverse mortgage company is offering a path for you to buy it - which is more than they have to do.  

People with high risk tolerance will have a far different answer than someone who is risk averse. 

While may not have high amount minimums, they may have a minimum $ threshold for cc processing, Ours is $0.60, with a discounted plan that could be a few as 8 records.

The owner said he would sell but at a very high price.

They offer better economies of scale and tend to be more manageable as you grow your portfolio.

Are their listings detailed with good-quality photos?

My known options are hard money or private lending and then maybe doing a cash out refi, but rates would be high on both ends and will really cut into my cash flow. 

This is the only thing holding me back from making an offer on this really good deal.

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.