So, if you call multiple plumbing companies it is possible you will get the same untruthful advice from every company.

You're current lender might be able to assist you on this as well, if not, you will need to find another bank that will be able to accommodate this situation. 

Take a look at the find a lender tab or work with a broker who can quote you multiple options from a wide variety of lenders! 

It's a strict 2-year requirement.As for strategies to avoid capital gains on the sale, if your client doesn't meet the ownership and use requirements for the Section 121 exclusion, they might explore other options such as:1031 Exchange: If the property is an investment property rather than a primary residence, your client could consider a 1031 exchange to defer capital gains tax by reinvesting the proceeds into another investment property.Installment Sale: If your client is willing to accept payments over time, they could consider structuring the sale as an installment sale, spreading the recognition of the gain over multiple tax years.Charitable Remainder Trust: If your client is charitably inclined, they could contribute the property to a charitable remainder trust, receive income from the trust for a certain period, and then have the remaining trust assets pass to charity upon their death, potentially reducing or eliminating capital gains tax.These are just a few options, and your client's specific financial situation and goals would need to be considered in determining the best approach.

Taking advice from experienced investors or real estate professionals can provide insights and guidance specific to your situation and local market.Good luck!

It isn’t always the case.Our team will need direction from time to time especially when unexpected expenses come up.Over the years we have witnessed many investors with magical expectations of making millions within a year (My name isn’t David Copperfield) and that just isn’t the case).If you aren’t willing to buy multiple properties and hold them long term, you will mostly likely loose money.I’ll repeat that for everyone :)If you aren’t willing to buy multiple properties and hold long them term, you will mostly likely loose money.

Has anyone else faced a similar situation?

My question: How could we ever buy another house with our tricky situation, and still keep my current house for rental income?

Brokers can access multiple products from different lenders but often don't fully understand the underwriting guidelines.

., but from a pure math standpoint in my mind selling definitely makes sense.But I can think of multiple turnkey assets in Reno, NV off the off the top of my head that would produce this.