Your incomes will be combined when you qualify for the loan, and both your names will be on the deed as “tenants in common.”

Mitsubishi Estate has purchased a lot of real estate for the intake of new foreigners that will start to receive a Digital Nomad VISA for Japan. https://visaguide.world/news/japan-plans-to-construct-10000-...If this opens up the amount of time foreigners with proof of income can come and visit, even if it's a year, I will re-open up this as an option. 

You'll pay ordinary income tax.  

If you are looking to buy as an investment property, perhaps it's not a bad idea.If you are looking to buy a new primary with low down payment, in order to circumvent the DTI issue, you need to provide your lender with a lease and two months' rent for your departing residence at closing, so that the debt-to-income ratio is not an issue with your first home being counted against you when buying your second primary residence home. 

What would you suggest so I can create income and perhaps make a better financial decision for myself.

Analyze properties based on rental income and expenses.

Hey @Julia France, You maybe do NOT want to use bonus depreciation if the losses created are excessive passive losses and you don't have a lot of passive income.

You can consider buying rental properties for steady income and potential appreciation, do house flipping for quick profits or explore REITs for a more hands-off approach.

Hey Chris, house hacking is one of the most popular strategies you can take and it can be a great way to build wealth and generate passive income, but it's important to have a long-term plan in place.

Incomes are not keeping up with the cost of housing.