You agree to pay a small certain fee today, in exchange for a guarantee of protection against a large but uncertain loss in the future.

Bill eliminating VA loan cap signed into lawAnyone know how this legislation might be implemented and when?

. :) Legislators pass laws, bureaucrats and political appointees interpret them and post regs.

If you're asking if I understand the legislative intent of tax law, yes, I understand some of the legislative intent of some tax law. 

Plus, the numbers I filled in for rent are way too uncertain for my comfort; I don't know how to estimate what post-renovation rent will be.The Numbers:Purchase Price: $85,000Renovation Costs: $350,000 [Estimating high here due to structural damage]After Repair Value: ??????

(recent legislation)  Opportunity Zone funds invest in low income neighborhoods.

In today's uncertain economy, getting a guaranteed 8.49% savings vs. a maybe, possibly, would-would've-ever-thought-that-could-happen is a no-brainer. 

Plus, the land would have to be truly shovel-ready; the law requires that cash be spent down within 2.5 years, though that can be fudged if there are regulatory delays.The whole point of the legislation is NOT to flip buildings: you have to hold for 10 years to get maximum tax benefit.

There could be a default setting for those just getting started and still uncertain what good metrics look like. 

An example of the opposite of this would be movement towards rent control, for example the recent legislation passed in New York City.At a high level, you are looking for positive trends that influence supply and demand in your favor.