I see a lot of questions regarding Umbrella Insurance and I would like to answer as many as I can in one post. 

Leave some fat on the numbers and if the appraisal comes in a bit low on the ARV, you still have a good chance of getting the financing.   

Id personally learn as much as you can in the next several months and watch what the market is doing.

Buying in cash and then refinancing does incur some additional expenses, but the idea is that, after rehab, the property is worth significantly more than your purchase plus rehab cost basis, and because of that you can, in the ideal BRRRR, extract all of your investment back out when you refi.

I suspect you can in all states.. just depends on what states want to enforce the laws on the books.I also think to end up in prison for illegal wholesaling means your dumb as a rock.you would get caught first time and usually get a cease and desist.. pay a fine have to hire a lawyer etc. told not to do it again.second time little more trouble bigger fine.third or 4th time now they get serious.I had a client in MS that got nailed for this.. he would not stop.. so on 2nd offense he got arrested on a Friday and could not bond out until Monday.. and spending the weekend in the Hinds county jail is not a place that I would want to be.but time goes by does it again this time over state lines and out of country.. 

It can in fact take longer than three months as many of us know.

If you're house-hacking a single family home and renting out individual bedrooms, it would be easiest to qualify for the loan based on your income alone if you possibly can, in which case the lender shouldn't care.

If the CEO says they will have $x of EPS and the profit centers miss some tgts, its not hard to envision a situation where they look to trim costs, risk being an attractive area since humans tend to miss weight fat tailed risk, especially in light of quantifiable certainty. 2.

It sounds like you want two things from a mentor--information and motivation.You can get information from books, courses, forums, articles, people in your local REIA, or other local investors.About motivation, well, I might be a jerk but I honestly believe that if someone cannot make a plan and take action on their own they will never succeed anyway, so I see mentors as valuable for information purposes only.I would just make friends with as many investors as you can in your area, read up on the subject, and take small steps to get started.

So what we are doing is studying different strategy's to add value but haven't found any that we can. In