Or take the 401k loan.. collect some of the interest from the savings and just pay it off but as the payments go down less interest i will get back Any other suggestions or ideas ?

Are any of these options a good idea to use when looking to flip properties?

Does anyone have any creative ideas on how to structure the financing so that we aren't floating a huge monthly payment before the business even opens? 

Not implying your agent is taking advantage of your beginner knowledge just to offload a property and get dual agency commissions, but again, might not be the worst idea in the world to have someone in the Bigger Pockets community who's local/understands the Charlotte market to take a look at the deal you're getting ready to move forward on.As far as inspectors, I would recommend one that we use for our business that is in the Charlotte/surrounding areas.Precision Inspection Services - Steven Lee - 704-575-2917

If you are looking to have a vacation home in that market where the cost can be offset some, then it might now be a bad idea

I am currently looking for local young aspiring investors like myself to bounce ideas off of, talk real estate, and maybe partner on a deal with each other some day.

I think it is a great idea to network with investor-focused agents that do what I mentioned.

The idea of being a very long distance LL kind of freaks me out as well.

I have no idea of your budget but I would say you will need around 20 doors to meet this goal.

With that being said, it's a good idea to get an understanding of what kind of financing you will use and what you will qualify for, so you know what to expect in terms of leverage, rates and terms.