Please let me know if this sounds correct.

Any advice or insights from your recent experiences would be greatly appreciated!

Sounds like it might be doable, especially since you have already experienced what it would be like.

Doesn't really sound like a large claim. 

There are experienced PM's on here such as myself willing to coach and give advice. 

It sounds like you have an un-permitted unit, which is essentially always a risk since there has been no notice to the AHJ that it exists and they can therefore initiate a code case to have it removed in most cases.

It sounds like the reverse mortgage company is offering a path for you to buy it - which is more than they have to do.  

 I am in search of a spreadsheet to determine the profitability of flipping a house before making an offer to an HML I am new to this process and would appreciate any advice.

I’m eager to connect with experienced investors and would love any advice or mentorship on getting started, from financing and property selection to management strategies.Looking forward to learning from this community and contributing where I can!

It can be a very good market, but the why behind your choice may help us give you better advice on how to move forward.Before realtors and property managers, you really need to meet other investors so you are making a good move by trying to do that here, but it would be better if you could do it in person.