The property could be worth nothing, extensive termite damage and a non-conforming lot that the city will not let you rebuild. 

This is not the kind of thing you should try into as a newbie without an extensive background in residential renovation.

FB the seller delayed in providing you disclosure, access, etc, then they did not perform and you are entitled to an extension of your contingency period.

This is our 2nd flip this year, but the most extensive we have ever done (22 tons of debris hauled out).  

It seems like some pretty extensive experience/training would be needed to make sure the client is happy with the end result.

They may not want to be dragged in to extension after extension.

After doing extensive amount of research, I concluded that wholesaling would be my solution.

Also without getting an inspector I know the house will require extensive work in the near future on big ticket items which can potentially leave me without any capital. 

Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace. 

The repayment terms for a 401k participant loan are equal monthly/quarterly payments of principal and interest (typically prime plus 1%) over a 5 year term (longer if used to acquire your principal residence).Please note that if you take a full $50,000 and then pay back the loan, you can't take another $50,000 until 12 months after the first loan was fully paid back.Per the loan offset rules that went into effect with the 2018 Tax and Job Act: if you leave your job and the loan is current at the time you leave your job but then the loan goes into default because you left your job, you will have until your tax return deadline (including any timely filed extension) to make the loan current by depositing the outstanding balance into an IRA (and thereby avoid the taxes and penalties that would otherwise apply).