Tax Filing on Foreclosed Rehabd Primary Residence/Rental Property

[Steve K.]

After a long wait and patience, I purchased new home in our new home state of PA. Long shorty short, after going thru a long mortgage process, wasting 3 months and paying HUD extension fees, we decided to go for a cash sale (No Mortgage or note was recorded)

Tax season is around the corner, Need taxes are being implemented soon, I've some specific tax questions and need some advice:-

Some Details

It was a Foreclosed HUD home with 2 Rental Units (Unit 1 is our Primary Residence and Unit 2 is rented out)

My primary source of income is my day job

53% is used as Primary Residence and 47% is a Rental

Purchase Price: 120,000 (rounded to make calculation simple)

40,000 was our own money

80,000 was borrowed from various sources (35,000 @ 7% personal loans + 45,000 credit card 0% offers with upfront check use fees ranging from 3% - 4%)

************

1. To purchase the property, technically, we didn't pay any points but we did pay upfront access check fee of 3% - 4%. Would this fee be 100% tax deductible? Or interest portion of 53% goes on Schedule A and 47% on Schedule E? Or 53% portion cannot be deducted since it was used to buy a primary residence?

2. The unit 2 has already been rented and some utilities are shared with tenants. To simplify things, can expenses 50% be tax deductible, instead of using 47% of rental area?

3. For personal loans of $35,000; how should daily/monthly be deducted from taxes years to come? 100% tax deductible or 47% only deductible?

4. Since it was foreclosed home, besides the 120K purchase funding listed above, money went into repairs, Electrical; HVAC and renovations. Is that money 100% deductible? Or Rented portion is deductible only?

5. As an investor, we looked at several other properties. Is all that mileage deductible?

6. Home inspection 100% tax deductible?

*************

I'm not sure if my current CPA specializes in Real Estate, I would appreciate if you can share your thoughts and answers my questions. Thank you