Since you said you're learning wholesaling I though this blog post I wrote on BP would be beneficial to you: http://beta.biggerpockets.com/blogs/4430/blog_posts/32194-attention-wholesalers-2-ways-to-stand-out-from-your-competitionIt talks about 2 ways for you to stand out from your competition as a wholesaler.

The properties are usually in fair to good condition and almost every one needs something often times major, but the worst it is the less competition and the better the deal.  

@Paul OrtizI agree with Colin. 1. competitively bid the project (if you're the general contractor push on your subs and get more bids) 2.

I'm just about done with that so I'll be going indy again, this time with a serious leg up on the competition.

I'm hesitant to post this due to others on the site from my area (and possible competition, if you will), but this is a HUD property.

The Austin real estate market currently appears to be fairly tough because of the very competitive market.

The attorney could easily show the court a better offer from your competition. 

Just know some will view you as competition so trust, but verify, what they say.

Rental demand has been pretty strong in my area.The demand for flip properties is very intense in my area, but the competition for rentals isn't as bad, specially if you have cash to invest.Unless you are looking to invest for very short term, use the dollar cost averaging to diversify.

Sometimes the wholesalers get the property from an agent and put in under contract, so you will see it on the MLS with under contract statusIn my area most of the cases the numbers don't work with properties from wholesalers coming from the MLS, because they have more competition to put them under contract, but as always there are exceptions