@Johnny Kang That simply refers to an automatic trigger of the 1099 at 36 months of no payments.....doesn’t change anything about a lender being required to issue a 1099 when they Actually forgive a debt.  

A non-resident alien investing in the US adds wrinkles to tax compliance not encountered with your plain "vanilla" US citizen or resident alien tax return. 

Am I the first one on this site to pull the trigger?

because you’re on the right path by deciding to stop waiting till you’ve read every book written before you pull the trigger. 

They also are more familiar with rental code, compliance and management. 

No I haven't put a property under contract yet looked at a fair number of properties but haven't pulled the trigger yet for various reasons Over the last few months.

It does affect the mortgage and it can trigger a due on sale clause. 

Until the buyer actually submits a signed cancelation under the inspection clause, the seller is stuck with the contract, no matter how the buyer attempts to negotiate a reduction.In fact, a buyer can submit an addendum for acceptance with a price reduction or repair credit, without triggering any cancellation of the contract, since the Buyer has not actually canceled the contract.

For one thing the borrower has “alienated title”, triggered the due on sale clause, if nothing else.  

Being a good investment RE broker is work enough and you want your broker finding analyzing and helping you negotiate your best deal possible.When it comes to 1031 compliance you want a QI on your team who has the experience and depth of experience to guide you and your broker.