Barack Obama (President from Jan 20, 2009 to Jan 20, 2017) signed into law a revision to your onerous credit which increased the amount and made it an outright grant that never had to be repaid.The instructions of the 2009 form 5405 specifically say, “If you own the home and use it as your main home for at least 36 months beginning on the purchase date, you do not have to repay any of the credit or file Form 5405 again.”None of this is really that hard to grasp, but.....”Obama Tax.”

We have a good grasp on the process except for one area of confusion that I've never been able to figure out. 

Tyler, it sounds like you have a good grasp on things. 

I will post the analysis after the walk through and I have a better grasp of other costs.  

I know the only way I will be able to fully grasp the process and understand how people become successful while doing it is to see how it happens first hand, or do it myself.

This is not my first deal, I am a moderately experienced investor ($2M in assets portfolio of buy and hold) and have taken on some major rehabs in the past so i feel as though i have a solid grasp on the basics (numbers, financing, permits, working with contractors etc.)

I know I will not know all, but I want to have a strong grasp.

I am an investor and realtor in the Lansing and surrounding markets and feel I have a pretty good grasp on the East Lansing/MSU rental market being oversaturated. 

Just make sure to have a good grasp on the loan forgiveness portion of the bill as well.

I listen to many podcasts through BP and books to give me a good grasp on my finances and real estate.