That is not good enough, period.

Isn't my assignment contract good enough?

Maybe I'm not explaining myself about what I do good enough?

I don't think it's a good enough deal to wholesale to another investor.

Is this good enough for a bank?

If you can get one for a good enough price where you can purchase it yourself, then the cash flows are sometimes better than that of stick homes.

How many people besides yourself do you know could get two short sales and still have credit near good enough to still qualify for a mortgage?

Wayne, start working on your credit, if you need to read a book or two on credit and credit scoring,, good credit is very important if your going to buy and hold,,if your flipping then you will need to have good enough credit for the hard money lenders, which still have requirements, but not nearly as stringent as traditioinal mortgages

These properties would be good enough to have high income tenants which would in my opinion be a less hassle to manage/ maintain.

When you find those, in good enough rental markets then evaluate the property as a flip and see if the numbers make sense.I wouldn't necessarily say this is the greatest strategy to get the highest profit on a flip, but it is in my opinion as close as you can get to a truly hedged investment in real estate.Other than that, seek out a partner or a very experienced GC who has done flips so you can pay him to basically walk you through the project.