Ideally I’d like to find someone that is reasonable/somewhere in the middle as far as price.

Ideally, I would like to start flipping houses once my wife is finished with school, for more financial stability in case my first deal is a flop.

Ideally or realistically?

I deal in SFH with rents 2-2.5x the "low" end rents for my area.  

I can't speak for everyone but the wholesalers I deal with that send out mass amounts like that usually own a company full of other wholesalers or the "smaller" wholesalers starting out hire and train others to help them with calls and getting the name out there.

The home I put an offer on was in Lodi NJ which was a bit of a compromise for me in terms of the town I would like to be in, I would ideally like to stay away from more urban areas such as Paterson, Newark, elizabeth, etc.  

In an ideal world, our properties would snowball from there.  

So wife and I have a property under contract which ideally will turn into a 4 bed 2 bath rental. 

An ideal situation is for the now seller/landlord or you to draft a document that states the tenants must vacate within 15 days after closing, have them sign it and then leave that as the now landlord's responsibility to deal with, its his mess, and then also have the landlord pay you (escrow) PITI + security deposit + expenses 10% during the period these tenants are still in there (refunding the security and expenses if not needed back to the seller). 

This might be a short term solution where she refinances in 1-2 years but we want something official written up.This would be a loan as we would like the money back and although we are much better off than her, we would ideally like to get paid back.