Maybe some of these ideas will help you -Learn Power prospecting - where to find the motivated seller (not listed real estate)Negotiating - how to put the deal together - how to control equity and take possessionContract Engineering - what important clauses to use to able you to assign properties, what to do if things don't work - how not to get sued - Controlling real estate - how to control hundreds of properties with little or no money using check funds - delayed financingCreative Financing - Delayed settlement - banking days - hybrid offers - joint ventures - partnering with sellers - vertical break ups - front porch clauses and contracts - etcA team - a lawyer -they are a dime a dozen - agents - the same price - title companies there are many right in your back yard - none of the above will help you until you have something for them to work on.

I am being told that in 30 days I can refinance at the bank and get the $200 k back to continue my venture. 

Become an agent, appraiser, painter, photographer, wholesaler, inspector, stager... all things that might help keep the ship afloat while at the same time keeping you close to real estate and helping you network as you look for flips.I would also consider looking for joint ventures with experienced flippers.

After doing a variety of entrepreneurial ventures for decades, and specifically 15 years in real estate, I have told lots of people what I will tell you... if I knew in my 20's what I know now, I would have never done anything other than multifamily investing.  

I'm working on my first flip with a joint venture partner, but have no income stream yet to show the bank.  

Good luck on your new venture!

Do you ever venture into other niches ?

If you ever venture down Indy way let me know if I can help!

Now I know that this task will not be easy, and I don't have much experience or knowledge of real estate, but very eager to learn and succeed.I do have some questions though, before I crack down and really start focusing on this venture.

Good luck in your ventures!