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?  

Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

Participants are continuously told “we’ll cover all these details so you can do this too in just a moment”, the moment never arrives. 

@Jaycee Greene yes I am looking at 535K@Kimberly Venable How about a duplex like this: https://www.realtor.com/realestateandhomes-detail/685-W-1850...?

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

—it’s also about reliability, attention to detail, and someone who just “gets” your space and your guests’ expectations.Do you have any hidden gems, local recommendations, or tips to share?

See image below with more details.

To give a little more detail, I do believe all their cash flow is contingent on them getting you to pay upfront for their program, which I found to be inaccurate and unusable on anything other than a desk top, which I told them I do all my work on a cell phone (first red flag) that they didn’t tell me their property finder isn’t cell phone friendly.

I wouldn't worry about small details like setting up LLCs, just focus on establishing a solid market and making good connections with people on the ground there. 

I will post back tommorrow after I get details of offer.