I don't know much about how to get the house with the reverse mortgage ties and my funds are not great to make the purchase.

In your shoes, determine what your out of pocket each month would be.

One other issue is that since you are stepping into his shoes, the basis for the properties remains the same, for both depreciation and cap gains when you sell.

I was just in your shoes and these costs are literally ridiculous, but just today I was recommended leadsherpa, make an account, you dont have to wait for a phone interview just hit skiptracing and its only 15 cents per lead and its done in like 4 minutes which is unreal.

We are not without cash, I just don't want to tie up all of my reserves.

I was hoping somebody with some experience in rent-to-own type transactions could consider this particular situation and share their thoughts on what they would do if they were in my shoes.

About me:- 802 credit score- $0 debt - $100K in the bank (70% tied up in stocks)- My goal for Deal #1 is to buy a duplex and house hack. - I want to finance using an FHA loan.

If I were in your shoe, I will look at the distressed properties which have the main aspects of the house in relatively good condition.

Aloha Wayne-All of my money is tied up in other rental properties. - so I would need to cash-out refinance 2 other properties to come up with the $150k.I have looked in to that... it just seems expensive and cumbersome.

Remove your personal things like clothing, shoes, firearms and perishable food.