Cut your teeth on this first place for a while so you can really get a feel for it and some experience while having a good margin of safety if you have to sell.

In the meantime I was looking into leasing to a farmer to grow corn or cotton (both are very popular here) or to grow, cut and then sell firewood on, however it’s really hard to find tips or information on how to calculate the cost or manage land and there is not a section for it on BP.

If you are not sure, I would cut bait. 

If you can eliminate or cut that cost in half, it may be a much more appealing deal. 

I have run into a bunch of flippers in New Jersey, North Carolina and elsewhere who don't really understand the merits of wholesaling and think they can cut out the middlemen. 

James McMurtry wrote about these guys in a song - "Uncle Slayton's got his Texan pride, Back in the thickets with his Asian bride, He's cut that corner pasture into acre lots', He sells 'em owner financed, Strictly to them that's got no kind of credit 'Cause he knows they're slackers, When they miss that payment, Then he takes it back"

The title company will cut you a check or wire your funds once the transaction is complete.

Also, the better put together your loan package is and the easier you are to work with the more likely a lender will want to work with you.Also, the deal has to be good for a lender to be willing to cut rates and fees.  

Will 10% down cut it?

Again, no lump sum cash, and not increasing cashflow, but cutting the term in half.OPTION #3: This was the most creative option (bank suggested it).