Probably,because they need to get their tax dollars. 

Highly pressured sales tactics at there 3 day events they do all over the US to get you wrapped into their high dollar coaching programs. Then when you don't have the money for them they coerce you into getting credit...

Also, you don't want to lose the tax free gain on sale. 

The wife did his tax return in 2018 Gross $120k.

For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.

However, you could still have - cashflow on paper, but still break even or potentially have + cashflow on your taxes.

Since we have zero income, I'm not inclined to pay a CPA several hundred dollars to do our taxes, so I'm trying to do it myself. 

All this profit is obviously tax free after depreciation. 

This tax provision allows homeowners to rent out their space for up to 14 days per year without reporting the income or paying taxes on it!

My partner and I earned fairly ok on W2s, and we have just started buying real estate since 2021 - bought our primary home (3B TH) in Mountain View in May 2021, and bought our first investment property (4B SFR) in GA in March 2022.