I completely understand all the financial calculations and models in the system and yes, it would have been fairly easy to build one myself, but very time consuming.  

We have a solid system in Quickbooks and want to stay with that for financials.

If you want to shoot me a DM on here, I'm happy to run your properties through the system for you. 

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?  

One of our local real estate experts is a big fan of Lee Arnold an his system.

I met with Wicked Smart today and was told they help you set up a lead sourcing system, help you structure creative financing - which is essentially lease option/purchase, subject to and owner financing....all strategies I am interested in learning more about.

There are many choices out there so take some time and check out other systems to see what works for you.

when your in a fund U have an interest in a fund that then has interest in RE and you are once removed from an control.

An Excel file or other detailed record-keeping system would okay, as long as it accurately tracks your hours spent on real estate activities.

For certain areas annual pest control may be needed for colder areas maybe you run the risk of freezing pipes.