If yes, is the rent that is received greater than market rents?

In regards to your markets you mentioned, TX is likely going to be a better market for appreciation than OH. 

There also aren't too many properties out there that have a value add because buyers will pay top dollar for whatever comes on the market.

I can't tell you how many properties have units easily convertible from 1 bedroom to 2 bedroom units, units with favorable dimensional standards which can boost rents with no photos to showcase these attributes, assessment square footage that is not correct,  upgrades not identified in the marketing materials etc.

the reality is BANKS left the fix and flip market after the GFC.. very few will do them unless your a premier client of theirs with a  long track record and they are doing them as a service to you. 

I want to understand how to structure the finance terms.if for example the house is on the market  for $200K1. how much do i ask for down payment2 going interest rate?

You should consider looking into the Memphis market.

I have found very little deals thru an actual wholesalerRe read what @Thomas S. wrote If you don't take the time to educate yourself, create your own business plan,and know the metrics of buying selling rehabbing wholesaling,marketing ,etc you will just be throwing money away like the hundreds of newbies flocking into the business 

Not only will you make good friends, you’ll make connections in the industry.  

Fans also help a lot especially the big industrial fans.