Surprisingly to myself, I was very successful on this duty, So much so that I was Recruiter of the year in my area which included about 60 recruiters in Alabama, the eastern half of Mississippi and the panhandle of Florida.

The nice thing is that the agreement stays in place as we buy and sell properties so it's not just attached to your one flip.

If your strategy is a true flip strategy, I would not worry about the real estate license thing.Make sure you have a written business plan that says your goal is to flip enough properties to build up capital to use for long term investments Attach some numbers and some deadlines to these goals.  

I assume the person is still living and mail to the house in that person's name with out the trust part attached to it.

The property is in and close to Tate County, MS and has some circumstances attached to it.

Attached is how areas are classified as A - F.Having said that, these rules of thumb are just that, rough guidelines.Keep in mind that profit from a property comes not just from the cashflow but also from appreciation/ equity.

It's a 3 bed 1 bath (the living room could potentially be used as a 4th) with a bachelor suite attached to the back.

They are delivered with axles and wheels attached.

In addition to what I stated previously that any judgement or lien attached to you is a pitfall for your "partner" buyer, many title companies are not accepting quit claims deeds as Insurable except for an internal transfer of title.  

@Jamel Driver Jamel, as both @Jim Tannehill and @Jared Smith pointed out, it is difficult to put a number on it....especially on old houses where a lot of things hidden things come to light ones you open up the walls.....not to mention if you throw foundation and structural repairs into the mix.That said, I am working on a total gut rehab right now, down to the studs....pretty much everything else attached to the house goes in the dumpster except maybe the front door......, new electrical wiring through-out and upgrading to 200 amp, new plumbing supply and drain through out (except maybe for the cast iron stack), new high efficiency furnace and air conditioning unit, new ducts, new insulation, new drywall, new roof(s), new siding, new windows, new floors, new doors, new fixtures, new kitchen, new bathrooms....basically everything is new plus changing the floor-plan some.I am not ready to share any more details at this time.