@Zeni Kharel wrote               "My question is: Are there any tax considerations if I buy a home this year(my low W2 income year) vs next year(which will be my high W2 income year)?"

Some DSCR lenders may allow a single pull or "Soft Pull" at initial application but in 99% of the time Banks and Lenders do a "Hard Pull" or have to pull all 3 bureaus to get into final approval/underwriting.You have to also have a 680+ or better in order to get 80% purchase and 75% LTV cash out refinance. 

It is typically your primary job.The 40 hr/week W-2 worker is going to have a hard time convincing an IRS agent they are meeting this threshold.STR loophole is a better path for my friends in this category.Once you finally cross the pro hurdle, you're not done!

If you think real estate trends are all about mortgage rates and migration stats — take a step back and look at the next 20–30 years:
Where will people still want to live as the climate shifts?
“Climate refuge” citi...

Investment Info:

Single-family residence fix & flip investment in Covington.

Purchase price: $55,000

Sale price: $131,250

Fix and Flip Purchase. Lead was brought to us through Facebook sphere. $2...

Personally I would take as little as possible to meet my needs and invest the rest.However there are tax considerations.

They have been hit hard by the interest rate hikes over the past year, along with a massive insurance premium increase and are trying to refinance the project, which may take a considerable amount of time to do.

If you want to manage this property yourself, take these into consideration.5 Star - “@Candice Burgner sent someone out to check our AC within a couple of hours.

Thank you for the advice @Ghassan Jabali I will take those into consideration.

Our primary goal is liability protection; potential tax benefits are a secondary consideration.