@Jordan Moorhead yes I'm looking to gain some insight at the moment as Australian property appears shocking for the new investor.

Can anybody explain further and give insight on how to help a seller who has a vacant home with a mortgage in reverse?! 

I already know my lender's basic terms to estimate the mortgage amount and use a vacancy rate of 1 month's rent and base my maintenance estimate between 5 and 10% depending on the type and age of the property.Note: I have 8 rentals and am by no means an expert.

I understand the disclosure of such information to any prospective buyers but I'm interested in receiving input from agents and investors who may have some insights on the pros and cons of pursuing this type of an investment.

Your insight is invaluable.

Does anyone have any insight on this? 

Any insight?   

Our preference would be not to sign anything tethering us to a single agent, but have it be an open secret with realtors in the area that the house is available-Any insights appreciated!

@Lane Kawaoka thanks for the insight...sounds like from you perspective it would be better to go after a minimum of a 1.25M property to obtain better financing, so that the loan exceeds that $1M threshold.

@Wendy Vaidic interesting question and some good insights and references being noted.