However, it would appear strange if you can't wholesale.  

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

We live and invest in Oklahoma and yes, insurance appears to be higher here.  

Everything being equal, this appears on paper to be an outstanding investment opportunity, based on what you shared.

Just doing a  quick internet search it doesn't appear vacation rental property management companies are abundant. 

You don't appear to have a strategy, just a property for sale which may or may not be a profitable opportunity. 

It appears that confidential information has been blacked out, might read between the lines.You'll see the actors identified, it's not just wholesaling, but a network of the gurus. 

I just double checked and now it appears that he quit claimed it to both himself and the nephew, which could muddy the water.

It's definitely not a great area, but the houses are cheap and appear to be able to rent out at reasonable rates (albeit to lower quality tenants).