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

You'll pay ordinary income tax.  

Are you talking about what would be deemed as income to determine if benefits are taxable?

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. 

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.

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.

Analyze properties based on rental income and expenses.

For the 1099 income, you'll also need something like a profit-and-loss statement for 2024 to show that that income is continuing.Rental income from a roommate?

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.