My question is should I sell now ( subject to short term capital gains, self employment taxes) or rent out and sell after the one year hold ( subject to long term capital gains) ?

However, over the last 6-9 months, we have seen a significant increase in requests for cash flow generating properties.Regarding location in the US,  Texas remains a secondary location for Chinese investors (compared to West Coast and East Coast).  

After the housing crash, my long time tenants moved out and I was moving off to grad school, and I could not sell my house (I was way underwater on the mortgage), so I ended up renting it out.I only recently got above water on that house, and it is not the best investment property, but I'm keeping it for now since it is finally generating a positive cash flow.I've recently come into a lot more money (self-employed), and am now in a position to buy even more properties, but I want to do it right this time.

Here are a few of the main aspects of Wholesaling that you need to not only understand but also need to become skilled at if you want to build a thriving business:Building a Buyers List- Find and build relationships with cash buyersLead Generation- You must be able to find potential deals as well as attract them to you through marketing.  

They will do a credit check and look at the credit score of the applicant(s).Prior to closing they did a verification of employment that took 2 days.

What investment strategy would you employ and how easy is the latter to accomplish with a lender?

I am currently interested in residential homes, for flipping purposes in order to generate cash, and commercial properties such as duplexes, triplexes, small apartment complexes, and plazas for passive income channels.   

These include the self-employed and commissioned sales people with excellent income, credit, and an adequate down payment.

In general do you know how to prospect and generate business, present, close deals, and serve customers?

Most people "get into wholesaling" because they think it is a way to generate quick cash to use for something else.