I bought it with an FHA loan and had the sell cover closing costs.

In fact, given solid credit and a decent loan size you can even tap up to 50% of the appraised value to cover closing costs.   

Listening to Brandon's Podcast here makes me think that i need to buy a property that is falling into a sinkhole and covered in black mold and then get my "Justice League" of contractors to fix it up before I can make a profit off of it (using the BRRR strategy).I desperately want to jump off the high dive into real estate investing but Im deterred because I dont want to buy a property with more cigarette smoke damage than a 1950s casino.

Listening to Brandon's Podcast here makes me think that i need to buy a property that is falling into a sinkhole and covered in black mold and then get my "Justice League" of contractors to fix it up before I can make a profit off of it (using the BRRR strategy).I desperately want to jump off the high dive into real estate investing but Im deterred because I dont want to buy a property with more cigarette smoke damage than a 1950s casino.

For example, would the best strategy be apply as many deductions as possible while still showing that I am earning enough to cover monthly mortgage payment on each property? 

I'm sure they will cover some of it on their podcast.

Affiliate Programs/Sponsorships: Most podcasts seem to have sponsorships to cover cost and promote different things. 

We agreed on a cash offer, but I'm only able to bring 15k to the table, so I'm banking on my brother or a lender to cover the other 45k within 15 days in cash.My questions are, where do I get a purchase and sale agreement, and how to fill it out, and also how to do a septic inspection before going to title and escrow without getting burned by them backing out and keeping my 7-800 I'll have to shell out. 

Plus they cover a very wide area not just one city or town.

You may be better off charging more rent and covering the pool maintenance yourself, then you know you wont have a green swamp on your hands.