So after networking and talking to people I know, I came along this lead where there's still 100k left on the loan but the ARV is only 120k.

I can follow lead and “wheel and deal” with the best of them.I would like to rent out multifamily units and complexes while doing flips to acquire funds.

(I believe he's currently in town due to recent Facebook posts, swear I'm not a stalker lol) This would be the very first lead that I contacted, so I'm not too sure exactly what to do.

Hello I am new in the Real estate Wholesale market.and I have some new Leads but I need to find out after we agree to the purchasing prices with the seller and sign the contracts, what is the next step?

I've had a few leads recently that would make good rentals there. 

The MLS usually has lame deals,  marketing campaigns take a while to bare fruit, chasing leads is well chasing leads.  

There's nothing wrong with being creative...it will lead to your best returns but, when it comes to federal loan programs...it's strictly by the book.  

There are paid services for that kind of information and it blows my mind that some investors are too cheap to buy a $10 in depth search when it could lead to a much greater reward later.

After the long DD period leading up to the purchase I would say updating units between tenants.  

@Simon Shih Sure thing Simon, there is a gentleman named Ted Jones he was the leading econmist for Texas A & M Real Estate and is now Chief Economist at Stewart Title, he put on the presentation and I am sure you can google him and look him up to find that out what I just said was correc and that @sharon  Tzib was also in attendance along with a few hundred other people.I am curious if you think somethings I said and know to be true were not correct, meaning that there was a net increase of 23,000 jobs in Houston (Labor Department) , the fact that Houston has two international airports (Bush and Hobby), 2 major airlines have hubs here (united and southwest) and I know this since I am a pilot for one of them, the fact that we have the largest medical facility in the world...