Neiboring values range anywhere from teens to high twenties.

What type of houses, and what types of ranges should I look for?

(I think I could get this down to $4550)Advertising: 250Appliances:  1000Lawn and Grounds:  1800Miscellaneous: 500The other questions about this property that I have concerns about are that there are repairs that need to be done and I estimate the repairs to be in the range of $50000.  

This helps you because; when you go to your next agent, he/she can provide sufficient evidence to different carriers, on what the loss ratios, etc, actually are.

Home prices will always fall into a range, rather than a fixed value.

@Jason Jones I am not a wholesaler but you may want to post what you are looking for. 3-2 or 3-1, rental or flip, as well as what area and price range.

But the sites I advertise (or help clients setup and make profitable) range from parenting blogs to e-commerce electronics.But I wasn't going to go into all of those details here because the primary focus is real estate.

Looking for some advice on what to have on the radar for projects in the $1M range. 

Does anybody invest in residential houses in the $500k to $1.5 million ARV range?

If the property is held in the name of decedent, you'd need a RM balance leaving sufficient equity to cover the costs of the title fix.....which assumes there are known heirs whom can act as admin/exec in a probate action.