Thank you  @Scott Hollister I'm getting started on the first step right now !

Like Chris Said, it would be very challenging to get 3 to 3.6 rate even under a personal loan..

What are the other things to do, or steps to take to set yourself up for success and make sure you have a true understanding of the market.FYI: I'm probably going to start wholsaling first because of my limited capital.

@Daniel Ramirez Spending quality time in finding the right GC is probably the most important step in managing a Flip without doing the work yourself, so I commend you for taking the time to ask for opinions on how to vet one properly.Having just found a GC that I like and who is honest, I'll describe the process of how I selected him.First, I did research to determine whether or not his business is successful.

What are the right steps?

I am in the process of buying a foreclosure  home in Florida, contract has been signed, home inspection has been performed and earnest money has been put down, my real estate agent has been trying to contact the seller to speed the process of paperwork for tomorrow's closing August 31, in the event that they don't answer by end of the day tomorrow, what is the next step to follow?

Not familiar with Memphis so it becomes some what of a challenge

It may seem like a simple thing, but reaching out in Bigger Pockets about getting started in real estate investing is a huge first step.

Pay special attention to the timelines and the expiration date of your inspection contingency, and make sure you get your inspections done asap/early so you have time to review and decide.Secondary to that, make sure you understand the finance and appraisal contingencies and timelines built into your contract.Your realtor should be able to walk you through every step of the process.Good luck!

Any recommendations out there on first steps and do I need to get a lawyer to make this happen?