"— Washington State Department of Commerce, 2024–2029 Homeless Housing Strategic PlanIn 2023, Washington passed one of the most transformative housing laws in its history: House Bill 1110.This new law makes it legal to build duplexes, triplexes, and fourplexes in areas that were previously reserved for single-family homes — unlocking a wave of possibility for homeowners, investors, and the future of housing in our state.🧱 What Does House Bill 1110 Do?

Quote from @Tim Cornwell: Unlocking Housing Opportunities: Understanding Washington's House Bill 1110Washington State is taking a bold step toward addressing its housing crisis with the introduction of House Bill 1110, a groundbreaking piece of legislation aimed at expanding middle housing across the state.What Does House Bill 1110 Do?

Without REPS or STR-level material participation, the depreciation losses will be passive and may only offset passive income or carry forward.So yes—this is a viable strategy, but to unlock the full tax benefit, make sure you:Use a qualified cost segregation providerWork with a real estate CPAConfirm REPS or STR eligibility to apply losses against active incomeProper allocation and documentation are key to maximizing the deductions while staying compliant.This post does not create a CPA-Client relationship.

Instead, where you will make your money is if you can execute a business plan that unlocks value.For example, we've built our business around value-add and operational improvements that drive improved NOI over time. 

Connect with local and virtual investors - your network will unlock deals and insights.3.

But if the cash flow just isn’t there in your buybox, it might be worth expanding your search to nearby markets like Pittsburgh, where prices are generally lower and yields higher.You could also consider being flexible on the “no renovation” rule—sometimes small updates unlock much better returns.

No more duplicated effort.Here’s the big unlock most people miss:👉 The best leads aren’t sitting on pre-bought lists.They’re hiding in public data—if you know where to look and how to pull it consistently.Here’s why I’m sharing this:If you’re still hand-scraping lists or relying on whatever your VA finds on most platforms, you’re probably picking through scraps others have sifted through already.Just want to set expectations right for you if you're just starting out or if you've already built out a team.P.s Which data provider have you vowed to never use again because you never had success with their leads?

At that point, you’ve proven your ability to manage a deal, which opens the door to new financing options, whether that’s another private lender, a partner for the modular build, or even a small business/construction loan for the next phase.Bottom line: yes, you can pay your investor back and use this deal to unlock the next one.

If a door is unlocked, I might have had a peek around?!?   

⚡That refinance unlocked a new chapter: he’s now eyeing larger projects, but remains anchored in the same communities🚨Takeaway: If the numbers are right and the story is strong, even the most conservative lenders will support you!