I'm out 10s of thousands of dollars and wish I had never got involved with the program.

There’s less risk involved because there’s no unforeseen issues unlike a home where you might tear into a wall and find termite damage.

ARVs in the ballpark of $600k-$700k, these move quick, we have an eye for the details, our last deal was on the market for 6 days with multiple offers and we ended up closing at above asking.

@Eric Hanfling first of all, great job in taking the leap and getting involved in real estate.

With the reverse mortgage and estate involved, patience and precise numbers are key.

Practically speaking, the path forward usually involves confirming whether the restriction is actively enforced, whether there’s any amendment or variance process, or whether alternative uses (home office, guest space, storage, etc.) make more sense short-term.

Strong underwriting, clear default terms, and proper insurance are important so you’re protected if things don’t go as planned.If you value a clean exit and zero ongoing involvement, traditional financing has its advantages.

The best studies involve on-site inspection and photographic documentation rather than just plan reviews and assumptions.

I’m also involved as a partner in some residential new construction projects in Florida.I run a small residential and commercial painting company here in KC, so I stay pretty hands-on with construction and renovations.Curious if there are any local meetups or groups where people get together to talk deals and learn from each other.

Having your wealth spread across multiple properties is a form of diversification.For someone just starting out, I think the class of property or market is less important than the people you will be involved with (tenants, contractors, property managers).