Also this could be a potentially lucrative business partnership.

Looking for recommendations on states I can look into for a potential new investment.

With this in mind, if you intend to leverage short-term debt (hard money), it's even more vital that your underwriting is thorough and that you have the correct systems in place to tackle potential issues.

But with more it could probably be apraised for 500k ARV or more.Also the house has a lot of rental income potential aswell.

You'll have tenants that don't pay, damages made, and potentially other disasterous situations occur on your properties. 

The 60% LTV is based on the ARV, and that is why practicing calculating the ARV is an important skill that can be learned over time and with a lot of practice. 

Those that have not worked with Sub2 sellers do not understand how drama original sellers can be potentially. 

It is alarming to witness someone in a prominent position within James' mentorship program engage in such unethical practices.

You may not need these, but it's a good practice anyway.

Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.