As a result, the property tax went up by 300%.

Using the gift tax exclusion will not be helpful because he will be reimbursing the LLC over a short time.

I want to use the financing strategies I learn above, coupled with that $ to either do straight flips, OR do some BRRR.My first question is, HOW do I get access to that $, and use it without getting murdered by the feds in fees, taxes and limitations...?

@Shelly Scruggs There are several ways to turn a Wholesale listing:CraigslistBP PostsREI Groups or BoardsBandit SignsThrough other WholesalersNetworkingRealtorsor even attend auctions (tax and foreclosure) and see who it buying up houses, approach them, find out the types of properties they are interested, get their card, email them a report when you are ready to sell.These are just a few ways to wholesale and build your list.  

. $300 cash flow post 5% vacancy, 10% capex included, PMI deduction, water, tax, and insurance. 

I'm guessing the balance is around $130-140, assuming you've been paying the taxes and providing proof of insurance.  

Next step is to speak to a tax practitioner who understands business tax law.

I would like something that turns a decent roi, but would also like to maximize my tax write off.

Often in partnerships you may have different agendas like one wanting a quick profit and the other wanting the tax advantages of a long term buy and hold.

You might want to get advice from an attorney or a CPA (or tax accountant) to help you decide what sort of company you should form.