Help me understand the process that needs to happen.

Glenn, I understand your concerns but there are many other ways and means to purchase in place of cashing out your retirement funds.

Depending on your strategy you need to understand where the good rental areas are.

I thought I had an exit strategy in place with a mortgage company including terms that were fixed and amortized for 30 years with the understanding they had to season for 6 months.

Is reach out to experienced flippers but you guys are contractors and as from what I understand contractors are "the" biggest element in a flip after the purchase of the property.

Gabe Amedee I'm fairly new at this and I'm still trying to understand the math.

Have a good understanding of all aspects of real estate.It sounds like you have done your research already, and knowledge is key in this industry. 

This clears my understanding. 

Hey there Michael,Make sure you understand the markets you intend to wholesale in, meaning, understand what renovated properties are selling for, understand what kind of profit flippers in your area expect to make.

If I put the money up and place a lien on the house,it's my understanding that before the house can be sold,the lien has to be paid.I'm not worried about the house losing value,because it's in a historic part of the city.