This is true Gualter or you find someone who can help you plan your scenario strategically including all conventional and non conventional but ethical strategies.

Seems it could be very beneficial for both parties, but it also seems like one party could get screwed if they aren't really on top of things and there partner is ethical.

If you are a naturally good sales person, are honest, ethical, want to have a lot of fun doing real estate deals, are seeking an opportunity to make great money for the effort you put in and you are interested in working with real estate investors every day, this position might be for you.

While it would be easy and profitable to do so, it would be ethically and legally wrong.

When these claims are made or boasting of success, you'll usually find that disclaimer of "your mileage may vary" as this can be grounds for fraud, so if that's the case, perhaps you should simply ignore the dollar signs when looking for an education.My advice, get to know a mentor or coach, their business ethics should be beyond reproach and they should be teaching what is ethical and certainly legal. :)   

I need someone honest, hard working, and with an open mind to creative (ethical) investing styles.

You might be able to rent to own or live in a rental and buy an investment property, but think I'd struggle with that ethically.  

And there are plenty of free resources (buyer education programs run by non-profits, websites, ethical real estate professionals, and much more) that help people avoid problem properties or taking on too much debt.

Ok so in terms of the inspection along with the paper work that @Elizabeth C. suggested, when is it tasteful/ ethical to proceed with that. 

That's a matter of their judgment.I'm not a lawyer, but I am an investor/agent and that's what I think is legal and ethical.