I'm just interested in learning by people who can help me understand the fundamentals.

For that matter, Plan C, D, and E would probably be a good idea as well. 

Its a 2 bed 1 bath in the better part of V&E and should rent pretty high in that category.  

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck e legacyPaul 

I'm currently reading The E-Myth Revisited (Why Most Small Businesses Don't Work, and What To Do About It), and it's been an incredibly insightful read so far.

I've been poking around the reading list (and of course read the free E-book), but I'm still looking for some more concrete guides to determining the value of REI specific to our situation.

turbo tax is designed for someone who owns maybe one or two conventual rentals and can not handle complex transaction like option contracts, because your asset is actually the contract itself which would normally be reported on schedule D and it sounds like your trying to treat as a rental property on schedule E.  

If that was a 200k loan lets say and they have 20 or 30 investors into one loan.. that's a lot of personal e mails that need to go out. and or fielding the inquiries as they come in.. they probably need to outsource this to india call centers  LOL.. but a premtive e mail as stated would probably keep folks calm.

Just e-mail the basic terms or ask them to send you a blank template you can fill in.  

I am looking at a project that is a historic building that sits in an Acre and is 8700sf . very walkable to lots of amenities,restaurants,grocery, schools, government offices e t c.in the past i have remodeled SFH ,renovated industrial builings to retail centers (sizes up to 15000sf)Project Scope: i am thinking retrofiting and add an addition and have aprox 32 units of apartments with elevator, and finishes stainles appliances,granite tops, study says that target tenants are milenials,retiress and due to proximity to government offices government employees.current rents go for 1bed 900-1000 and for 2 bd 1100-1200 . the sf need for 1 bed is 800sf ( should be able to rent according to the study for $1200)and for the 2 bed is 1200sf( should be able to rent according to the study for $1400)for this area.14 1 bed x $1000 =$14000 x12=$168,000. year18 2bed x $1200 =$21600x12=$259,000 yeartotal yeqarly income $427,000.00 -8%$34,160)vacancy (study says 3% for this area)=$392,840.00 yerly gross income.using current rents for fast stabilization as the goal is a non recource loan.i have couple questions that i would greately apreciate your input. 1)is it worth going after tax credits and how do i find more information?