See Brandon Turner's book on Buying RE with Low or No Money Down.You also need decent income and credit to qualify for financing.  

Non-occupying Co-borrower - A non-occupying co-borrower on an existing FHA-insured mortgage may qualify for an FHA-insured mortgage on a new property to be their own primary residence.

First keep a job for a while you will need it to qualify for the loan.

The first thing you should do is to talk to lenders and get qualified for loans: owner occupied and non-owner occupied, SFR and residential 2-4.

If the concept of wholesaling is new to you I'm wondering how many wholesalers, sellers or actual transaction details you are personally privy to, and what could qualify such broad, sweeping generalizations? 

I'd say it would be very difficult for a wholesaler to claim more expertise, knowledge, be better qualified than a broker or to offer any service that a broker could not accomplish. 

Yes I am a victim of the "skip 3 payments to qualify" scheme and I know all that info.

@Joe Fairless: An overarching goal is to qualify as an accredited investor.

2. my second Option / thought is to use my VA loan, and purchase a nicer home / one that will rent for $1,300 - $1,500 a month ( afer the 1 year O.O. rule is meet ) , and plus I can technically get in a " Future " rental for 0% down .I could find an REO/foreclosed property that needs minimal repairs ( since VA loans are quite strict on the condition of the property in order for it to qualify and get approved for a VA loan ), and then do some updates ... paint / flooring while I live in it for 1 year , and then repeat the process of doing a Cash-Out refi and use the money for a down payment of 20% down on another $80,000 - $10,000 property.... wash ,rinse,repeat3.

It would also amend the Truth in Lending Act with respect to minimum standards for residential mortgage loans, to prohibit, in determining whether a residential mortgage loan is a qualified mortgage, from applying to loans originated by such a person certain guidelines and regulations relating to ratios of total monthly debt to monthly income.