This is fairly standard in the Westchester area given most homes are 100+ years old and the building code / inspectors didn't really come to power until the 70s or 80s.Likely your real estate agent will note the issues. 

Using the Whole Life Policy (or Indexed Universal Life) is very powerful.

Using a whole life policy to secure a line of credit can be a powerful tool, especially since you’re leveraging a guaranteed asset.

Yes you take a pay cut but your purchasing power increases. 

Buyers have significantly more negotiating power.

There is no cash flow involved with a personal residence not being used for business purposes.Avoiding leverage on RE involving cash flow negates the power of using OPM, other people s money.

Hi Anderson,Real estate investing is indeed a powerful way to build lasting wealth due to several key factors.Firstly, steady cash flow is one of the primary benefits.

The sooner you invest, the more time you have to benefit from compounding returns and property appreciation.Key Lesson #2: Leverage Financing Wisely Using my VA loan was one of the best financial decisions I made, but I didn’t fully understand the power of leveraging financing at first.

Now however, due to all prices going up and the decreasing in purchase power of the populous, the market has soften and slowed down a bit. 

Of course, I'm out the deductible (2k).Incredibly, one week later, another 6ft diameter oak fell across the neighbor's front yard (this time, it damaged HIS house) and took down the power lines to my rental property which ended up causing just under $2000 of electrical work and tree removal expenses for me.