My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?

What would be my best approach, I assume find a private lender and work out some deal with them.All questions and answers will help thank you.Normally the lender for the reverse mortgage will start a foreclosure.

This leaves me with the question….where did the $300 Million in funding go?

The founder appears to have been involved in businesses outside of real estate: ‘My dream is a locally made grooming products business’ | People | nashvillepost.comSo it does not appear there is a lot of track record there, but those are questions I would ask.

-Allows you to pull equity from the property to fund the rehab without stretching your finances.If you'd like, I can walk you through the details and answer any questions to see if it makes sense for your situation.

Keep crushing it, and feel free to reach out if you have questions—excited to see where your journey takes you.

Sorry lots of questions.

happy to answer any questions you have.

Bruno, good question and I am glad you asked because this is a law I was unaware of. 

I do have a third goal, but too much will happen by the time my second goal materializes that my third goal will likely change drastically.Also, I tend to find myself wanting to ask market-specific questions to agents/lenders/investors/contractors/etc. a lot.