Your best bet is to find and contact all of the top local wholesalers and go to work for one of them and see what they do right and wrong and see if it's even a business you like.

Based on your description, Party 1 seems like the safer choice.

We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet. 

Haha I bet there's been some crazy stuff out there but the one's I'll put up will definitely of better quality and insulated.

If not, hard money is probably your best bet

I argue that more money in the hands of the rehabber makes the loan safer.

Quote from @Antoine Black: I have a house that free and clear and I'm trying to tap in the equity can any one help  Hey Antoine, As Mike stated, your best bet is a local credit union.

THANKS Your local credit union might be your best bet.

Your best bet would be to connect with local operators and ask them.

I'd bet that this note is worth more to you than to most buyers until the note is much lower LTV, but I'm a novice in this space.