I have very limited knowledge in this field and am seeking guidance and instruction in route to mastering the profession.

Education will put you in anticipatory and preparation mode, it is better to seek instruction, take action and fail fast. 

It's worth looking into the fundamentals of each market and Jacksons are fairly good; quite diversified in terms of employment for a small city (hospitals, manufacturing, colleges etc.)

It would be easier to purchase in your LLC than move it later as you will need to update the "Statement of Location" that Texas uses to track manufactured homes.  

Guess maybe I should get the flipping book I see here on the marketplace because I feel like I need a general overview with a few step-by-step instructions and a list of do's and don'ts.Oh, I am financing the house and rehab and he is doing all the legwork at this point and when we sell he would get his 3% as the listing broker.All suggestions, guidance and constructive criticism is welcome :-)

"You're going to need some money for closing costs," he instructed.

It's a manufactured home on land that needs to be rehabbed and will cash flow well.I'm in search of a private lender/equity partner to work closely with on a 7 year note to fund this opportunity.

I'm pretty certain that the epoxy manufacturer has something to say about that and in what applications their product is suitable.The moisture is possibly vapor (since you didn't mention any flooding), so being trapped by the epoxy floor, it formed bubbles and collected as water.  

I'd like to consider buying this house for either a rent, or a fix/flip, but it's a manufactured (double wide) on a poured basement. 1800 sq ft total upstairs.

As per the report of MSME, there are over 36 million small business in india providing employment to over 80 million persons.Small Business Ideas-You can strat small business as a service or manufacturing units.