My debt service would essentially be equal to my  monthly NOI.  

Unless you're closing on your wholesale deals before marketing them, isn't what this seller doing essentially what you'll be doing? 

For example, if you were to have a credit card and use it for everyday expenses such as groceries, gas, etc... you could use it essentially the same as cash or debit card, buy your necessities, set the money aside and pay it off.  

Essentially, you will become your own advocate.

I wrote an article on it and I think it's worth reviewing: http://www.biggerpockets.com/renewsblog/2014/12/23/investing-out-of-state-essential-items-to-vet/

Because they have no intent to purchase, are they essentially just acting as an agent.

Having an understanding of the foundation and essentials of RE  is critical.

To loan service you essentially have to become a bank, insurance, bond, assets to cover lose, litigation, book keeping, disclosures and notifications.

Essentially, we align homeowners with property managers who are willing to enter into long-term guaranteed income deals - so turning the vacation rental into more of a long-term investment property for the homeowner.

@Julia Fergo Google is always a good place to lookA Quit Claim deed essentially says: IF I have any rights in this property any rights I may or may not have are now yours.