You need to find a regular local lender who can tell you what you will need which will be 20-30 percent depending on the rate you are after.But, the easiest way for flippers to become owners is to hold every 4th property you flip and rent it at high rent since it's a full renovation.

You can either continue the depreciation schedule from the property sold, and create a new fixed asset for the additional amount invested to obtain the property (Two Depreciation method), or you can opt to treat the new asset as one asset (Single Depreciation Method).

That's the easiest, least expensive way to get started and investing in that way in your local market will have a much greater impact on your financial future than buying a cheap house in the midwest- those "cheap" houses tend to be very expensive. 

Using the enemy method, you can very quickly identify the top properties in your target market and then replicate if not improving upon their listing when you go live!

Or is there a more efficient method to do this?

Trying to contact them through all methods of communication is the first step - call, text, email, knock on the door, etc.

I'm not familiar with Wisconsin laws but selling or assigning a contract is only one method of wholesaling. 

Anyway I thought I would share with you my method of contract reading because it might help you in the future.

Instead of gutting a kitchen and making it all new, I would rather look for the easiest way to work with what I have.

I've done the single family method and it was too slow for me and just ate up too much time, although I learned a ton.