Probably because it's a completely different buyer. 

@Andrew Michael Thanks Andrew, I work for a reputable wholesaling company in Baltimore and have met plenty of wholesale business owners since I've been working here so I've built a good sized sellers list so far and i'll be looking to add more (also from calling local wholesalers and asking them to add us to their buyers list). 

FHA 203B/203K loans are not "first time buyer" type programs, they are owner occupant programs.

Even when presented with a solution (a buyer!)

how can i evaluate the strength of my buyers offer besides the amount they want to pay...meaning can i ask to speak to their lender to see how tight their credit/DTI/bank statements are....last thing i would want is my buyer's loan falling thru two weeks before i close. 

Buyers like to buy at a 2 multiple or 1,000,000 based on 500k profit annually after expenses.Go look on bizbuysell.com Tons of businesses for sale that are not 1,500,000 and some of them throw off great cash flow.A purchaser could possibly get owner finance with the note for some down but do not pay an over inflated price just to get financed.

But you want to make 5 grand on an assignment fee so the max offer you can make is 45k. 70 percent is used because you need to leave enough room on the spread for your cash buyer to make money, otherwise they won’t want to buy it from you.

The strategies include subject to, lease options, lease purchase, wraparound mortgage purchases, TICs, Shared Equity, and a few others .TIP  1 Be a reluctant Buyer.  

Hey everyone, thank you for the pleasant welcome and links to guide me in the right direction.

Buyers always like that HGTV sliding barn door look.