@Ryan Wilkerson put the money in the bank and keep it for operation costs..get our site up to date...host a networking event at your current flip...do not spend on mailers...let the wholesalers do that and you go find your own deals by networking with agents and searching online yourself. 

(They have online classes too.)  

I had one guy tell me the last second that one of the properties he had for sale had a title company set up already and was looking for proof of funding so i stepped off it, i seem to run into this issue lately no matter what area it is, i'm looking to Wholesale in the Central, South Jersey and Philadelphia Areas, so any Thoughts, or Clarity from anybody who has ran into this issue too or am i not doing things the right way??

Ultimately it is a practical matter.

In your opinion, how should this matter be handled?

Stick to the things that matter, credit history, eviction history, income verification.

Setting up an Operating agreement, can this be done online through a template or do I need outside help from an expert?

I'd be hesitant to use contracts you find online (including BP) without having them reviewed/edited by your own attorney. 

I'm thinking to do it online so I can complete it at my leisure.

Take the classes online and go at your own pace.