I am not super familiar with reverse mortgage but if you do some basic math$72,000-$50,000 purchase price-$5,500 selling costs=$16,500 assuming your numbers are correct and you don't have to do anything to the home before sale

I am looking for some advice on options for first time home buyer financing.

The letter basically said she was a great tenant, if he (the landlord) didn't need to move back into the house himself she wouldn't even be leaving (the landlord was a military member who was getting out of the service), and if given the opportunity he would rent to her again without hesitation.  

Some of that learning is just getting up to speed on investor basics, but other bits of knowledge may be less well known or obvious.

I've been a Louisiana broker specializing in buyer representation for a number of years.  

Needs a kitchen added plus some flooring, paint and basic rehab to make it rent-able. 

With a short sale, the basic explanation of the process is that the homeowner contacts their lender and the lender reviews the homeowner’s specific situation (financials, hardship and reason they are seeking to sell the property, etc.).

Basically I’m just trying to understand the deeper aspects of seller financing in general and how to structure those types of offers. 

Are you planning to sell this retail or fix and flip to an investor buyer? 

I am looking to invest basically anywhere the US but primarily in less expensive areas that still attract decent renters, which im sure most people are.