Usually either a short term loan with goal of owning free and clear in 4-6 years (no cash flow, let the renters earn you a free and clear house quick) or a 20 year term allowing double digit cash on cash returns.

Of course, you need to read The Ultimate Beginners Guide to REI here on BPIf you haven’t already, please read/listen to these books ASAP!

Realizing this type of rapid appreciation (or "forced equity" as some might call it) often requires a distressed or very poorly managed asset where a buyer can quickly and efficiently add value, raise NOI and convince a lender to finance the asset at the higher value.

The Ultimate Beginner's Guide to Wholesaling is a good place to start with wholesaling if you haven't read it already.

If you haven't already, the Ultimate Beginner's Guide Real Estate Wholesaling gives sort of the blueprint you're asking for.Best of luck,JTM

Also watch for flood insurance as it can kill a deal very quickly.  

Quickly I got into real estate and have been doing my own projects, purchasing houses in the greater Seattle area at the foreclosure auction and flipping them or turning them into cashflow rentals.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

You're in and out of the deal as quickly as you can find a good Tenant/Buyer.

@Mike Vann it covers the basics, but his next book "The advanced guide to real estate" goes even deeper and is probably what you'll want to get next.