Three reasons: (1) the federal government is still in the driver's seat with Fannie Mae & Freddie Mac, so those mortgages will get deferred or worked out in some way; politicians got killed last time for the foreclosure rate, so they are not going to let it happen again and (2) the fundamental structure around loan origination is a million times better than it was in the run up to 2008; between 01 - 07 you did not need a license to originate a loan once Dodd-Frank passed and licensing became the standard a lot of bad loan officers got out of the business, and (3) Banks also tightened up their verification standards ( I know the standards are still relatively loose) but 4506T forms were not used between 01 - 07, so people lied about their income; after 2008, banks started to use 4506T forms to verify tax returns. 

Excluding $150,000 of gain is $22,500 of tax savings just at the federal level assuming 15% capital gains tax rate.

If I exceed it I lose a dollar for every three dollars earned and convert it to a taxable income, so it is a double hit.

On a federal level, the CARES Act is still in place for a bit longer so if your loan falls under this, and a lot do, there are restrictions there.

With this strategy, there will be somecapital gains tax due whenever you sell your primary, but, the taxable gain will be prorated according to length of time rused as a rental vs primary residence. 

Federal heights, Shaw Heights, Sherrelwood neighborhoods

I.e. the multi family investment posts a negative net taxable income after expenses, depreciation, mortgage interest, and amortization.

It's not that conventional lenders don't WANT to give you a loan- they are selling loans that are backed by federal insurers.

The tumble comes as the Federal Reserve holds its benchmark rate near zero and continues buying mortgage bonds as part of its plan to stimulate the economy.

If AGI<150K then it can be deducted as a loss from taxable income.