In the end, if a reverse mortgage best meets his needs then it might behoove the kids to chip in to avoid the fees and if not, it is ultimately their loss.Bottom line if staying independent costs the kids some inheritance, good.

That ultimately done the trick, I have not had any calls from that tenant about water as of yet.Nice Investing

The seller can agree to anything, but that doesn't mean the lender needs to agree.You can "fight" with the bank all you want, but ultimately, the bank is agreeing to lose money, and they have no obligation to lose any more money than they so chose.

The issue that a lot of buyers I talk to struggle with is ultimately "pulling the trigger."

Dave give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

Ultimate goal is to do BRRR but for now, with my full time job am looking into buying multi-family and rehabbing a little, usually new paint, simple fixes. 

My first step after posting this is to get the Ultimate Beginners Guide and get a better idea of what I'm getting myself into.

Hey BP!  I recently separated from the Navy and this is the first time I've had to pay for my own housing in a long time.  My wife and I live in an apartment in Edmond, OK and are looking for something to buy that has...

I highly suggest you to read, "The Ultimate Beginner’s Guide to Real Estate Investing".

Regarding your contractor situation, I think the approach @Stephanie Potter suggests is more standard, so I guess it ultimately depends on whether you think you would profit more in your flip than you would pay in the extra loan amount if you don't include the contractor as partner vs. including the contractor in with his 19%, and having 19% less of the loan to repay, but also getting 19% of the final profit.