(Dallas Fort Worth Area) Do y'all think just finding a good deal and flipping it is a good way to start, opposed to wholesaling or other methods?

Am interested in alternative methods to bridge finance between two properties each of which have LTV below 80% 

As to how to find those desperate sellers....well, there are many methods (see Kate's post above for some), you just need to find what works best for you.

I was able to owner finance and my favorite method was low down say a few grand.. and ZERO % interest carry with higher than normal payments but enough that the buyer could break even on cash flow if they managed them themselves...

@James Charles - I agree with @Michelle Murray - exploring a short sale is the only way for this to really be a deal.

Did the sponsor receive equity ownership in the property, or did you employ a different method to compensate the sponsor for his/her support in the deal?

@Brie Schmidt has a great method for incentivizing the PM so their goals are aligned with the owner's.

Some early explorer had a sense of humor.

I have used that method several times. 

Should I just loan the funds to the business at a certain interest rate, then that gets paid off first before we divide up the profits 50/50 or is there some other method that makes more sense?