They have concerns about liability and reputation to consider.

It could mean you are used to complex systems or planning how to manage high value equipment with life or death consequences.2.

Good luck especially right now when the construction down here is booming and most reputable  builders can pick an choose what jobs they take.

Why would a licensed real estate broker go through the trouble of getting a license, pay thousands of dollars and work hard to find a seller, write a contract with the seller and then give the opportunity to sell the property to an amateur who has no skin in the game and will most-likely mess the deal up so bad that the broker gets a bad reputation i.e.

When you consider a specific person you should ask around about their reputation. 

Are they legit, reputable, reasonable?

If you live in California, you really should look into having your estate plan completed with a reputable and competent attorney. 

Do you know any reputable builders?

Is this "must occupy for 12 months" clause in the note restricting me from selling it before then, or is it just to limit me from renting it out.The second is moral/reputation.

Is there a difference in the tax consequences for flipping in a single member LLC vs your personal name?