Lack of funds is just a high level excuse because the money will always appear if the deal is right. 

A minimum level of quality is important too and higher quality is obviously better, especially for flips.

As a wholesaler, you want to purchase the property (or get it under contract) and either assign the contract or sell the property to a 'rehabber' or retail buyer who finds the adventure of rehabbing their entry level home thrilling. 

He mentioned they have a flat rate prop mgmt fee and their rehabs are gutted down to the frame with all new systems installed and basic level trim.Neither podcast mentioned his last name or the prop mgmt company name.

A lot of less experienced rehabbers seem to like more entry-level, working class neighborhoods around the city like Beechview, Brookline, West View, etc.

Both were entry level simple two-box ranches,  about 1276 SF.  

Distressed Sales Share Falls to Lowest Level in Eight Years

Attending REI meeting has turbo boosted  my knowledge & networking, hence, my confidence level.

The seller just isn't at a pain threshold yet to do a deal at a level I would feel comfortable at.

Nothing is impossible thus it all comes down to comfort level of each situation.Best luck!