I would like to start wholesaling to build up cash and resources then transition to flips and buy & holds.

you can make threshold transition dams your self or you can get them at the box store whichever you preferenjoyand great job!!

Low crime area close to public transit and colleges.

We are looking at a 3 family in a extremely hot market and area outside of Boston (Malden) within 2 minutes to transit and lots of restaurants and shops.

@David Zheng How many properties would you say one should have under their belt before they would entertain the idea of transitioning to a portfolio lender?

What can I do to ease the transition?  

My tenant profile is young and transitional so I haven't had any problems with lifers. 

Assuming your health is as good as when you originally started the term policy you should be fine from an insurability stand point but cost of insurance and rates will be determined at your current age and on.I believe the premiums will be higher when you transition to universal or whole but that you'll have to check with a life producer/agent for.If you paid just the min on the term policy as if it was a universal life policy you would probably have no cash value if any it would be very little because, term is just paying the cost of life (insurance portion itself) and its not including any savings component.

I was either in school or I worked as a teacher, while my husband transitioned jobs.

I'm currently partnered with a company that has specialized in commercial lending and now is transitioning into residential flips.