I need to sell to investor at 75% of ARV (Purchase price+rehab) in this particular area. 2. 

My question is, does the 6 month wait time on mortgaging it still apply since an appraisal wasn’t done when I purchased it?

Purchase price: $205,000 Cash invested: $175,000 This was quite the rare deal in the South Philly neighborhood of Point Breeze, located a few blocks south of Washington Ave and 22nd St this corner property while only having a lot size of 16x64 was 2000 sqft!

We spoke with a lawyer who advised forming an LLC to purchase the home to protect our personal assets.

I wouldn't be so broad with your criteria. if I was looking in Texas it would be Dallas, Houston, Austin. top 3 markets. in florida we do miami, in ohio we do columbus. those are the #1 net migration cities and we focus in the urban core where migrations tend to be for younger population who have the purchasing power to rent or buy. 

 Do you recommend I buy a house in my government name and then transfer the title to my business or just buy in my business name from the jump ? Thanks for your help !

The other thing is I don’t believe the insurance  protection is included in the upgrade..I was reading that had to purchase separate damage insurance from Guesty??  

I am a seasoned real estate attorney and enjoy not only practicing law but teaching about real estate law.

The procedure, timetable, and any legal or regulatory requirements should all be understood when performing due diligence for a purchase.

I would, personally, let him exhaust all his funds on the purchase and then you come up with a loan that finishes off the acquisition financing and then holds the rehab funds in escrow in an account you and your brother sign off on for withdraws.I do not think I'd put a lean on the property.