Originally posted by @Anton Ivanov:@Brandon SturgillSure, I'll send you a pm.

Also, I noticed his office has poor controls over sensitive data.

He has some great data and insights on the Vegas area.

(still took me a few months to shake the bad feelings, though).As to the original question, "yes".

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?  

The main reason I ask is because that is significantly below primary residence mortgage rates let alone any investment loans, if you can get rates like that I might need to make some changes on my end hahahTo answer your original question, assuming all else is equal long-term fixed rate debt is valuable. 

I paid about $1500 in closing costs between title, appraisal, etc, but the original loan was wiped out in favor of a new lower rate. 

Originally posted by @Roman Stefaniw:@Brian Eastman Yes.

If you cash flow $1K per month for 36 months, and then sell with the ability to pull back your original investment, would you consider that a win?

If you sell your property, the tax basis (original cost) of the property for the giver becomes the tax basis for the recipient.