I was wondering what is the right course of action: first sign the contract, get the appraisal and then the inspector, or should i use a different order ?

You will be surprised at the response you get from people that are in the same boat as you and might be nervous to take those actionable steps.

But I have calmed down and and know I need sound processes and plan of action in place.

How does "in order to get a great deal you must take action promptly".

We all know taking action is the most important part of any investment/business venture.However taking the first step is often the hardest when you do not know what road to travel down.

That should get some action.

Congrats on taking action - I recommend you find out the reason why he's selling - what type of problem he's trying to solve.

That section is in relation to a time limit to be able to pursue action against a defaulted borrower in GA.Fannie Mae is saying they will not agree to this for GA.The word ALL means everything.

If you're looking to get into wholesaling check out BP podcast 116 to learn about wholesaling and flipping.http://www.biggerpockets.com/renewsblog/2015/04/02/bp-podcast-116-how-to-quit-job-through-wholesaling-flipping-taking-action-with-nasar-elarabi/

Sounds like your off to a great start...now that you've got a feel for your new & exciting endeavor, make your goals HIGH...if you write your plan including plan of action, and stick to reaching that higher goal...well it's obvious you'll be at a much higher place when it comes to results!