Buyer from wholesaler questions

[Jack Yen]

Hi BP world! I recently found a property from a wholesaler from another forum. The property is in NC. I've bought many property from MLS and agents so this is very new to me. He asks for LOI to get the conversation started which I think it's pretty standard? I'm wondering from start to finish what are the steps?How does everyone usually fund the deal besides cash or hard money? Is loan a viable option? Any comments and help are very appreciated, Thanks!