These things do happen, but the net positives of investing in real estate lead to powerful wealth creation that a 9-5 doesn’t provide. 

**Verify Employment and Income Directly**: Since they might lack a U.S. credit score, contacting their employer directly can help verify their job status and salary.

One of my clients recently purchased a 4/2 single family house that was positive cash flowing, hit the 1% rule, and was able to execute a full cash out refinance so it was a clean BRRRR!

I'm in  a similar position of selling off some rental property and not wanting to give more than necessary to Uncle Sam, but my taxable boot is more likely to be in the $400k range.   

Most B areas in Columbus will not generate positive cash flow unless you buy the property outright with cash or make a substantial down payment.

Depending on when you bought in Jersey City, you are probably in a good position to sell now in general.

If this is your dream retirement place, perhaps you use the LTR to simply subsidize your purchase even if it's not fully cash-flow positive. 

Other equally contributing factors you want to consider is the properties positive cashflow, asset appreciation over time, debt service paydown over time, as well as hedging your dollars against inflation - all of which make real estate such a great investment especially when you have the right property!

This approach allowed me to close quickly and efficiently while maintaining flexibility to make the minor updates needed to modernize the property and position it as a high-performing long-term rental in Uptown Charlotte.

This approach allowed me to close quickly and efficiently while maintaining flexibility to make the minor updates needed to modernize the property and position it as a high-performing long-term rental in Uptown Charlotte.