I'd like to engage a couple more for bids.

More like a 101 of taxation: you had a reserve of losses -> it helps when you have profits.And a tax geek addendum:I also do not see a direct link to cost segregation benefits here.

A Qualified Joint Venture (§761(f)(2) )allows two spouses operating a business together to not file a partnership return; however the business can't be held as a state entity (§301.7701-2) like an LLC and it also requires material participation by each spouse under §469(h) which can be hard with a SFH. 

Sounds like a great plan. 

We model deals for IRR and MOIC and like to see 17-25% IRR and a 2x multiple over 5 years. 

While a western WA deal might not meet some Midwest cf metric like 1%, it will be above the market cap rate or below FMV of comparibles and give you options. 

List your property on corporate rental sites like Blueground, Zeus Living, and Furnished Finder to attract high-income tenants. 

. 🎢 Market trends, investing methods, and economic situations are like a rollercoaster—they constantly change and twist.

Use tools like PropStream, BatchLeads, or DealMachine to find leads.

@David Weitzel great deal, and welcome to the forumns, I love the idea of doing a flip on my own street, seems easier to keep things under wraps but perhaps you still had contractor issues it sounds like?