This is how the lender explained it to me, I looked it up & it does make sense.  

https://www.biggerpockets.com/blogs/7595/47603-you...Feel free to reach out if you want me to explain the financial logic of this.

@Julian Kinzie, this is a perfect example of a property that can be wholesaled. but there are things that you will need to explain to the owners before hand. and you should also be aware of it too specially having your real estate license.. 

@Lane Kawaoka Lane, thank you for the reply - could you explain syndications?  

It explains the bidding process after an insurance claim. 

@Chad Carson  In my opinion, having an online portal is a shiney object for new investors.  

We do this quite often and it usually involves explaining just how simple the request you're making is- you just want a checking account for a trust.

We wanted to meet with her and let her know that we are the new owners, have her sign a lease (weekly), explain our expectations of her as a tenant.  

I made a couple of mistakes during this process as it was my first time getting anything under contract.1) I never asked the seller to bring copies of the keys so I could have access to the properties.2) I did a bad job at explaining that I would be needing access to the property before closing in order to allow for inspecting and my end buyers to come in and look at the properties themselves.I've spoken with the seller since, 90 year old gentlemen, and he doesn't want to give me access to the properties until we have exchanged title at the title company.

Quickly explain that they cannot be listed with realtors but you can offer them a referral fee if you buy one. $100-$250 usually gets action.