Love the post and congrats on your hard work leading to great success.

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.