Wholesaling with conventional financing

[Justin Van Riper]

Is it possible to do a wholesale deal when your buyer is just looking for a handyman special (for their primary residence) and is going to using conventional financing? Here's an article explaining what I'm talking about:

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Is this still possible today? It seems like you would be able to do a lot more deals if this was the case. Rehabbers are looking for properties at about 50% of ARV. I would think an average Joe would be happy paying 80% of ARV, opening up the possibility of taking deals you otherwise wouldn't do with a cash buyer.

Can someone please explain if this strategy is still possible and if so, why it's not utilized more?