Plan to be hands on, local and have a mentor to help you through all of this. 

This friend of mine is a great mentor but I’m always looking for suggestions.

As for the rentals, I am learning to look for:- are there similar properties available for rent- have any of their rent recently reduced- overall neighborhood classification- access to stores, major highways etc- schools already in session so may not be lucrative- cash flow and IRR ( I am still figuring out IRR)Kudos for trying to help out friends.

Maybe even consider taking on a mentor.

Desk fees, high commission splits (at first) mentor fees, etc.

Of course with SFHs you can leverage the experience of a mentor/partner to mitigate the risk factor however, you risk market volatility with regard to your property's value and your cashflow.

@Angeline Mentor were they saying FHA warrantable or Fannie Mae warrantable?

I'd encourage you to seek out a larger brokerage that offers strong training opportunities for new agents and try and find a mentor within that brokerage that works more frequently with real estate investors as a supplement to your knowledge. 

While I'm new to flipping I have quit a bit of experience in remodels and general construction. I'm looking to find a group of flippers in the south Houston area to share ideas and help each other out.

Looking for a mentor or anyone that could help me learn more about real estate investing or that can simply give me advice, anything helps.