I am in New Hampshire, but am open to out-of-state flips since NH is a tough market to crack at the moment.

These are professionals with additional training and a stricter code of ethics.

If he is not licenced/insured, friend or not, you do not hire him.Precedents dictate proper professional management of your business.

Once you have vetted the operator and find a project you like you can leverage the experience of a real estate professional to run the day to day operations. 

He can explain land trusts pretty well and has first-hand experience using them, but he is not a legal professional. 

A bit of advice to new agents and aspiring real estate professionals, FIND A MENTOR WHOM YOU ASPIRE TO BE LIKE, FIND A FEW SO THAT YOU GAIN MANY DIFFERENT PERSPECTIVES ON THE PROCESS THAT THEY TOOK TO BECOME SUCCESS.

He said they may sag or start to rot after they dry... hard to tell without an experienced framer looking at it.We are hiring a plumbing inspector to come out today to run a camera through the sewer line to check for cracks.

(*Relatively high compared to what we see from "professional" management companies and compared to most of what else is available in the sandboxes where we play).

Readers are advised to seek professional advice.

Drywall cracks, space between trim and floor(both possible foundation issue indicators), proper attic venting(check temp in attic)