He’s using a FHA loan so I know there’s a couple more hoops to jump through but do I just start with a purchase agreement?

I have only worked with them as a seller thus far, but there are a couple of threads here on BP about buyers that have worked with them, so do a search and you will get some insight to what you are looking for.

I have helped a couple people in BP with their purchases and would be happy to talk more with you about what you are looking for or just answer any questions about the process in general.

I have done a couple of deals, but this would be my first with an outside investor / partner.

Hi Javier, I think the ultimate best way to save your money is to add a knowledgeable and proactive accountant into your team.The wholesalers are taxed very aggressively in comparison to landlords, but a couple of things that just popped in my head:- consider living/investing in a state with no state income tax- consider investing through tax-deferred plans like IRA- consider creating a corporation and make sure you maximize your tax deductions

HML will cost you a couple grand PLUS points. 

Lmk those 2 things and I’ll run a couple properties for you. 

I had a couple commercial properties pop up on my radar in Littlefield, Tx. that may be a good deal. 

Funny enough I married in to a family that does R/E development. 

@John LeavelleThanks John, I literally just put a couple numbers in that were low because I've completely made the property new from the roof all the way to the exterior siding, paint, unit 1 & 2 now have new carpet, cabinets, granite counter tops and tile flooring.