First post- Researching financing options

[Casey Morrow]

Hi all!  I'm preparing to begin obtaining a property to flip.  I will be purchasing homes in Missouri although I live in Florida because my dad is a general contractor there.  It seems like I will get the best deals if I can buy forclosures at auction.  However, I don't have the capital to pay cash.  From my research it looks like investment property loans are based on a specific property.  Is it possible to get a loan for a lump sum? Does that lump sum still have to be used to purchase a specific property? 

Thanks so much for the help!