Take it with a grain of salt as safety is subjective.You could also ask your Realtor and property manager their thoughts and maybe next time they are in the area to take photos.

.🎓 The Knowledge EdgeWhat makes both investments successful?

Quote from @Henry Jay: Hello, me to real estate and look for knowledge in flipping and rental properties. 

Super knowledgeable and takes integrity and his Christian faith into all the deals he does.

It takes time and patience, but the long-term benefits are well worth it.I’ve personally gained invaluable knowledge, listings, and deals from friendships I’ve built over the years.The more people you engage with, the faster you’ll achieve your goals!

Any tips and tricks and knowledge will be much appreciated.

The appraiser didn’t seem knowledgeable about multi-family properties.

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?  

I would talk first to an electrician as many do fire alarm and life safety.

My friend @Miller McSwain has a ton of knowledge on Co-Living if you want to check out his stuff on how it works in CO