The biggest catch will be that First National Acceptance will probably make an offer with a significant discount on the DOT/Mortgage Note cost and your family member will probably not be interested in selling with a 20 - 40% discount.  

2 + 2 = 4If you get a discount for being in the club, guess who owns / owns a portion of / pays referral fees to this TC company.

The cost to rehab these homes are not that expensive as many adjusters calculate it to cost but appraisers will hit you with a lower price if it was flooded so need to run numbers to insure you are buying the property with enough room to discount to insure a profitable exit out of the deal. 

They can either get a market rate house from someone else or discounted rent from you if you want to give them discounted rent you might as well let them live for free. 

The card would give customers a 10% discount.

Let me know if interested, and I will pass my wholesale discounted pricing to you.

A lot of forum members are experts in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, buy and hold investing, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

You have to compete against the bigger players in your market and find sellers that want to sell at a discount.

I've been looking at 1970+ 1-owner houses which are basically paint/carpet flips, which can be bought at good discount because many of them are estate sales.

You are solving their problem while acquiring the property at a discount.