In that area I like Multifamliy Insignts (John Casmon), Pillars of Wealth Creation (Todd Dexheimer), and Unlock Your Life (Jennings Smith).

Jason Terrell I’m not saying I’ve done it in the past on two occasions but on those occasions I definitely didn’t get my realtor to show me the property then unlock a window on ground floor without them noticing.

Material participation with REPS is key for unlocking passive loss deductions and ensuring you get the full tax benefit of your real estate investments.

I can't unlock those losses since I'm not a Real Estate Professional because I'm a W2 employee.

Agent Relationships Are a Goldmine in 2025Agents with pocket listings, pre-MLS opportunities, or stale listings that need creative offers are unlocking tons of opportunities.

Sequence deals so one is listed while the next is mid-rehab and the third is in acquisition, and keep lender updates biweekly to unlock repeat capital fast.

Yes, the entire $300K basement build-out becomes eligible basisThe finished STR space adds:5-year property7-year property15-year land improvementsAll of which are bonus-depreciable in a cost seg.For many STR operators, the basement alone can generate six-figure paper losses.Bottom Line✔️ Your logic makes sense✔️ You can cost-seg the whole property✔️ What matters is material participation✔️ The STR portion is what unlocks W-2 offsets✔️ Waiting until the basement is done is the smart moveIf the numbers work and you’re confident you can hit material participation hours, the strategy is very viable.

A cost seg can definitely be worth it, but it really depends on the size of the property and how much accelerated depreciation you can realistically unlock.

My partner and I have been living in Dutchess for a few years, and are moving a bit north for his work, and are excited at the real estate opportunities this also unlocks. 

Always interesting to hear different approaches since refinancing can either unlock massive growth or cut into cash flow if done too early.