Ultimately, the loan agent/broker will have to answer your questions.

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I ultimately decided that properties with HOA's were really not going to fit my rental model.

Ultimately I'd assume your sister is going to get upset when you ask her to start paying rent.

You are each using the other's IRA funds for what is ultimately personal benefit.

I think what you are ultimately asking is if REO properties can provide good deals just because they are REO properties.

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- Going through the trouble of a Series LLC is unwarranted given, ultimately, I will be relying on insurance as my primary defense.

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.