Get the bank financed property first, while you have the DTI.

You will quickly find, as you generate local person-to-person relationships, how many opportunities open up! 

Be that person who set's up some STR's there, runs em there, and really caters it to the US "bucket list" tourist. 

I've personally sold a number of properties to VA buyers.

You may want to share you analysis with a few banks and/or property managers as they will typically weigh in on your assumptions if they are potentially interested in working with you. 

Let's break it down with precision:The "Pain" (At First Glance):Your $2.8M sale splits out as:Building (§1250): $2.3MPersonal Property (§1245): $500KOriginal Basis Allocation:Building: $1.6M (depreciated over 27.5 years)Personal Property: $400K (fully depreciated)Building Depreciation:Annual: $1.6M ÷ 27.5 = $58,182Total over 10 years: $581,820Gain Breakdown:Building (§1250):Sale Price: $2,300,000Original Basis: $1,600,000Less Depreciation: ($581,820)Adjusted Basis: $1,018,180Total Gain: $1,281,820Unrecaptured §1250: $581,820 (25% max rate)Capital Gain: $700,000 (20% max rate)Personal Property (§1245):Sale Price: $500,000Adjusted Basis: $0Ordinary Income: $500,000The Strategic Play:Remember those suspended passive losses you couldn't use?

This is rarely done as in most situations lenders will not consent, and at a minimum want the buyer to qualify AND personally guarantee.  

@Adrian Lammersdorf-SciollWhy does everyone want to chase strangers – and ignore their own personal network?

Connect with a housing coordinator if that position is available in your area and stay in contact with that person. 

If you need a conntection in Upstate NY I can direct you to the right person.