First-time buyer with a financial partner- Best practices?

[Elijah Brzezinski]

Hello BP family! My name is Elijah, I'm a 23 y/o entrepreneur and I've been listening to BP for about 6 months. As a company, we have decided to relocate across the country and I see no better opportunity to purchase my first property! 
I don't expect too much help, but I'm sure y'all can provide me with some gold nuggets of help throughout the process.
Please feel free to grill into me and tell me if I am wrong, or if there is anything I can fix about my post. My current plan of attack is to secure a 300-350k property (with intention to rehab) in my new city on an FHA with my business partners money. I will live in that house for the first year or so, and charge rent to the other occupants who will be moving with me. After the first 12 mo, refi to a higher ARV, move out, and assume 100% cashflow from it.
I'm on a very crunched timeline in order to find this property and I don't expect to catch a life-changing deal, but I see this transition as my "white belt". 
I'm taking this week off to blitz my way through as much content online, get my ducks in a row and secure this deal. The last thing I want to do is make a big mistake and wind up with a negative cashflow.