At this point I have read the How to Invest in Real Estate - Ultimate Beginner's Guide to Getting Started and I am currently reading Buy, Rehab, Rent, Refinance, Repeat as well as learning what I can from the BiggerPockets website.   

I've read there are pass/failed inspections that let you walk out of the deal but you don't get to ask the seller to make any changes or credits.

I recently listened to a podcast and a story of a guy who had success with this in only 2 years.

This reduces my monthly payment by ~$100 a month.Am I correct to think that I am essentially paying $3500 for this refinance?

Quote from @Joe Yobaccio: @Chris Seveney I am trying a simpler version of a loan partial, but want to keep my name on the note and Colllaterlize it for safety of a lender and would like some feedback on the terms. 

If you have a lower rate on your current FHA loan, then this is probably not recommended. 

I can offer suggestions based on my experiences.

I have a LOT of experience with subject to , dating back to the late 1970s early 1980s.I’ve spoken about the history of subject to, the St Germain Act, etc., but what’s relevant today is 1.

So I've been looking at this LIHTC stuff for a few years on and off.

I am in the Houston area and my primary goal is to become financially free and look to enjoy more quality time with my family as I do want to move away from the day to day desk job.