It has something to do with self-employment taxes and paying less in taxes. 

Here is what I have learned-Microsoft has announced plans to put 6 data centers in East Wenatchee making them the single largest investor and tax payer in Douglas County.

Way more multifamily units (not even counting another 675,000 single family units under construction) than new household formations coming for 2024.Operating expenses, including taxes, insurance, maintenance, etc. are skyrocketing, and likely not all fully absorbed in the average property.And, alternatives that produce more cash flow than a 5% cap rate (average for prime multifamily real estate currently) with less work and less risk, like private lending, short-term treasuries, money market accounts, etc. 

Plus you can find a good 3/2 on 2-3 acres that will only run you $400-$500 a year in annual taxes!

However, if you later undertake a small project that qualifies for a safe harbor and meets the criteria for an immediate deduction, it might be possible to deduct that expense in the year it was incurred.Again, it's crucial to consult with a tax professional who can provide advice based on the specific details of your situation and the tax laws in your jurisdiction.

Also wondering if anyone has feedback as to a good real estate tax advisor in our area?

They aren't investment property, but treated as inventory for tax purposes. 

Consider house hacking while you're there and factor all the benefits of real estate (tax savings, loan paydown, appreciation(including value add), etc.).

Why would taxes be any different :P 

Looking for a tax professional to do my taxes this year.