Beginner Closing Questions

[Kelvin Letron Brantley]

Hello BP family!

Ok I obtained my seller contract on Monday (wholesale deal in SC) and started marketing the property on Tuesday.  I got a buyer call on today (Wednesday) and they are very interested in the property to the point that the buyer contract is imminent.  My goal is to do a double close with transactional day funding; however, I have a few questions below about the closing process.

• How does the deed recording work for a wholesale flip with double close and transactional funding?  Do I have to record my purchase of the deal at the court house before I close with the buyer?  I'm working with a buyer's agent and she mentioned that she can only buy when the deed is recorded.  I'm not sure how true that is...  Anyway she mentioned that it takes 5 days both ways on a wholesale flip for the deed to be reflected.  I thought to myself, that if that was the case then people wouldn't be doing it and there would be no need for transactional day funding.  Any insight would be appreciated.
• How can I efficiently close with my seller when they live 100 miles away?  When I signed the contract to buy the property, I filled up the tank and went to the seller's location so that they would feel more comfortable since they were an older couple.  Now that it looks like I'm going to have a buyer soon, how can I orchestrate the closing so that I don't have to go back down to the seller's location?  Do I have to physically be there with the seller to close with them?
• Is their a deadline to finding an attorney to close after putting a house under contract? As I mentioned above, I put the house under contract two days ago. I haven't spoken to a closing attorney yet, but it looks like I'm going to have to now since I have a buyer ready.  Is there a maximum amount of time you can wait before securing a closing attorney?  When is the optimal time to secure and attorney?
• How long does title search take and when is the title search fee paid?  I would like to close on this property as soon as possible.  How long does title search normally take?  Days? Weeks?  Also when do I pay for title search?  
• Also when is inspection typically paid?  At the closing or up front? I was thinking about ordering an inspection as well of the property.  When is the inspection paid?  In a wholesale deal, is it typical to start the inspection only after a buyer is found or before?
• What are some things that could cause a closing to fall through?

Thanks,

Letron