It's one loan, with the purchase price funded/distributed at closing, and reno loan paid out in draws as work progresses.

I am hearing direct mail is the best way of marketing, what your technique?

Then find the technique or strategy to fill the need.Either way, there are plenty of things you can do that don't require much cash.

When you get familiar with some subdivisions maybe you start doing some wholesaling or at least learn the techniques as they will serve you well when you are ready to buy.What part of town are in you if you don't mind sharing.

Income Tax Return for an S Corporation, state "Distributions and other payments by an S corporation to a corporate officer must be treated as wages to the extent the amounts are reasonable compensation for services rendered to the corporation."

Either way, the closing agent would distribute the profit to the wholesaler at closing.

Is anyone willing to connect with me and give me some insight on this process and the best techniques to streamline it and/or refer a legal counselor or experienced wholesaler who understands the midwest/Wisconsin regulations on this type of business.

In most areas most techniques will probably fly, basically, but here's the issue.Even if some site gives you access to a state approved attorney, just being state approved doesn't really give you insight to what some county judge might say, for that you need a local attorney.

Some banks though have gotten privy to that technique and won't allow a trust to purchase the property, if that is the case, I have created LLC's and sold off the shares of the LLC when I wholesale the property.

You are perfectly positioned for a technique we commonly refer to as bridging.