So would it be right to say to an heir, "I understand that the house has a reverse mortgage on it, however I'd still like to make an offer on the property if you're interested", and go from there, OR, would you try to see their education level on how reverse mortgages work when trying to get the house under contract?

I have been reading the other threads on this forum, and seems that everyone has a different opinion about every area.

> I have about 45k to play with but If I refi and pull cash out to buy property, I don't qualify because the cash out pushes the debt up.Is that $45K in savings or $45 in accessible equity... very different in my opinion.

Get educated and start saving .

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.

@Rick C. then get a second or third opinion.  

I feel it is wiser for me to educate myself instead of trying to handle this from afar.

In my opinion, this is a major disadvantage to setting up a Solo 401k with most custodians.

Allowances can be made for seasonal employment, typical for the building trades and agriculture, if documented by the lender.When analyzing the probability of continued employment, the lender must examine the borrower’s past employment record qualifications for the position previous training and education, and the employer’s confirmation of continued employment. 

Basically getting other peoples opinions on something that I'm looking at.