I see it time and time where a borrower tries to save on points, they go direct and end up falling out.

Managing on your own may save you a little money, but I believe it's more likely to cost you a lot of money when you make mistakes.

I understand there is an AGI limit that applies, restricting my ability to write off certain expenses if my AGI exceeds a certain amount.Regardless of what can/can't be written off for my particular situation, I assume the majority of the tax savings I am able to write off would come back to me directly in my tax rebate, correct?

I can literally arbitrage the spread between my existing mortgages and my Ally bank savings account. 

You must establish a contingency fund, pay closing costs, and save for the down payment.

I am not really in a position to purchase my first property just yet, but I am getting all my financials in order and saving up to hopefully buy something next year.

It not a rule of thumb but its a good indicator you will save more money per month and recoup the closing costs in a short period of time usually 36 months.If you have any questions feel free to reach out or send me an email I enjoy helping and talking REI!

They saved money, bought a home in a neighborhood they believed in, and held on.

The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!

Don't buy if you haven't yet, and spread the word so we can save some other people money as well and put less in Justin's pocket.