I don't understand some of the answers some people are providing you. They miss the point of your question. A reverse mortgage has nothing to do with the use of your home. With a reverse mortgage, you are draining the equity you have in the property by regularly increasing the loan amount against it. Whether you live in it or use it to house a legitimate business should not be a deterrent. My sense, however, is that since you are making another party an ever-increasing owner, there probably are restrictions against doing"waste" to the property. Go to a lender and read the provisions and restrictions in the documents a borrower must agree to. It should be plainly obvious what you can or can't do.
