They may, however, prevent property from being given away or sold at less than fair market value and ensure that equity in the home is available to reduce Medicaid spending on the homeowner’s behalf."

Prioritize and reduce scope 3.

If it is still classified as active farmland and your friend has Canadian citizenship then he may be able to use his lifetime capital gains exemption to reduce the amount of capital gains due.   

I bought from a wholesaler once and all he asked for was a reduced wholesale fee and that he be allowed to shadow me during the process from beginning to end.  

So part of my assumption is that repairs will be reduced short term.

That has greatly reduced the "stupid trip" calls.       

At 5% down the annual premium goes from 1.35% down to 1.30% not much only 5 basis points but its decent.Only other way to reduce annual MI premium is by using 15 year loans which have a much lower annual premium when you put more money down but it won't be too great for cash flow since the payment is much higher.If you put 10% or more down your MI will fall off when your loan reaches 78% LTV based on the value inside FHA's system called FHA connection (not market value unlike conventional).Most people dont put down 10% anyway maybe 1 out 40 people who uses FHA puts more than the min 3.5% down in my experience.

Whatever "incentive" money you put in the purchase agreement will just go to the bank to reduce the seller's short sale deficit.

You or someone would need to negotiate with the lender to reduce the debt.  

Can the profit from flip be used towards other property purchase with 1031 clause to reduce tax