Those who invest in physical property to earn money as rent must also make themselves available to tenants and manage potential problems within the building, such as conflicts between tenants or legal disputes over damage to the property.

You may need to save for a year for the downpayment, but have patience and educate yourself on the legality of being a landlord and homeowner in the meantime.

I want to do wholesaling the right and legal way.

from a legal standpoint, you can even wire and plumb your own house, as long as it passes code and inspection.  

Is it just a limitation for that company or are they legally not able to do a double close here?

There are several legal entities that are granted the privilege to perform business under an assumed name and to isolate personal liability:Corporations, all formsLLC, a special formLLP, a professional form of CorpAlthough found in many business fields, the LLP is an especially popular form of organization among professionals, particularly lawyers, accountants, and architects. 

Well again, most of these issues would be resolved by working under a seasoned real estate professional that could teach them the ropes and could steer them along the straight and narrow.My recommendation is for you to go ahead and get your license for the basic knowledge and the credentials to legally do your business, then find an investor that is buying for themselves and succeeding in this business and volunteer your services for strictly for the education.For more of this soapbox speech and practical tips on how you can actually find that person, here is another link!!

The original that was sent from the bank to the sellers realtor contained a lot of personal information (the sellers) so she legally could not send us that one. 

I purchased a legally zoned 2 family building, the layout is allowing me to make a 3rd unit, a studio apartment, in an empty room that has a front door and 2 windows.  

But more important I feel that it places all the risk upon me and give me no recourse.I am not looking for legal advice rather seeking opinion and insight.