They want to know that you have skin in the game and are committed to paying back. 

They aren't a short-sale or foreclosure but also can't upgrade.  

I wouldn't plan on using either of these types of loans for a short term flip.

There are some other tips that I can add, but I'd like to keep this short and touch on the ones that we see missed most often.  

Just an ambitious kid trying to find his way in the real estate game.

consider proximity to an airport wit reasonable fares,  Manty and Trivers (local speak) are a Hike to Milwaukee Airport, and Green Bay is quite expensive to fly out of. just a thought, Unless you fall into a great deal, a $50-70K 4plex is gona be pretty rough,  both in condition and location, get familiar with the areas, and if you do settle in Manty, Just remember its Cooler Near the Lake, not sunglasses and board shorts cooler, like 50 degrees in late June, and 20 miles west its 80 degrees. just considerations.  

Let's say you build 2 separate 3,000 sq ft homes- one of them has 4 beds, 2.5 baths and a ton of flex space, game room, etc.  

How long -- Time on the market and price (reduction) are close cousins -Price softens as time moves on and motivation and reality is realizedEverything will sell at a price -The first thing I'd want to do is get the history of the property - how long on the market, why is it vacant - what's the reason for selling - is it listed - look at listingWhat is the mortgage balance - is it current or in the arrears - What other liens or obligations are on the propertyHow many owners - decision makersWhat is the commission - will agent splitAre they open to a reasonable and creative offersDo they want any profit or to just get it out of their nameCan down payment be paid over time -How much paper with they accept - delayed payments - principal mortgageWho is the decision makerHow fast do they want to settleEverything is negotiable - CONTROL IS KING - learn how to control real estate - it is a short cut to cash flow - it is the best way I know of assigning properties.Who controls real estate - An agent with a listing agreement (treat them well - they are in control for a period of time)An accepted option agreementA buyer with an accepted contract of sale with contingencies

I'm in the game and taking action....thanks to BiggerPockets for the great resources and connections like @Bill Hampton, who helped me to set up my investment LLC.I look forward to quickly renting this unit and saving up for a 3rd home to add to my rental portfolio.

After you master the wholesale game you will be able to move on to the next phase.