No tax returnsMinimum credit score 650Max Loan to Value 75% on sfr or 2-4 unitOnly up front cost is for appraisal and creditRates in the 7's with a 30 year amortizationAgain, points not to exceed 4You don't have to sell your beautiful flip when it's done;  keep it, manage it, profit from it.  

Some people put a lot of value in appreciation and the tax benefits. 

So, my numbers look like this:$1,580/month income$400 "lease" payment to Owner$80 Lawn/Snow$60 Trash Pickup$90 Water/Sewer$125 Electric$125 Propane for Hot Water$150 Maintenance $250 Property Tax$50 InsuranceShould leave a net cash flow as-is of $250/month.

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.