You state, "your lender" - I admire the loyalty but also would recommend you get a minimum of 3 quotes (at least two from mortgage brokers).

Most times when evaluating a DSCR mortgage, market rent will come into play.

When I tried to get it when my side of the family found out and tried tp take over reverse mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

Depreciation, mortgage interest, and expenses can reduce taxable income.

So I bought this fixer upper for 65k, had a low monthly mortgage, used the extra money to rehab out of pocket for the next three years.

NOTE: you have to live their 12 months due to mortgage requirements.

I would recommend shopping around, especially with a local mortgage broker.

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

They build, you do a standard FHA mortgage at closing once the home is completed. 

We had to save up the 5% to get our first place with an 80/15 first and second mortgage.