John Anderson what do you mean by no skin?

Bill Anderson - thanks for that great info.

@Megan Anderson There is a basis on that property determined by your parents accountant.  

@Andrè Anderson so I should shop around different lenders then?

While I would like to buy in Greenville or Anderson, I know Columbia and figure invest where you know.  

@Robert Anderson Welcome to BP!

Quote from @Donald Anderson: Talk to an attorney or call the South Carolina Real Estate Commission https://llr.sc.gov/re/ and they can point you to the law.You can manage your own property.

Here are a few examples:1: 3BD 2.5BA in Wyoming, OH - Consistently one of top 3 schools in the state - sold AS IS - pics look good, outdated cosmetics2: 5BD 3.5BA in College Hill - Area has some good spots and some bad spots, house looks to be in excellent shape from the pictures on the MLS3: 3BD 2BA in Anderson - JUST RENOVATED, pics look awesome, good area

@Scott Anderson and @Hillary Gries thanks so much for the mentor suggestions.

Jennifer Anderson She will need to pay off the reverse mortgage within 1 year if the relative’s passing.Obviously, she’ll need to qualify for a loan.The other option would be to sell it.Hard money lenders tend not to lend on personal property.