S-corp creation for tax purposes

[Alex Turchetta]

I had an interesting question for my cpa friends on here. My situation is slightly unique as real estate investing is slightly difficult due to my student loans. I have an exorbitant amount of student loans and my monthly payments are based off a percentage of my adjusted gross income. Therefore i try to put as much as I can in my SEP IRA in order to lower my AGI. As you can imagine this leaves little extra cash to invest in real estate (outside of my SEP which i dont want to do). I am paid as a 1099 employee (im a psychologist) and ive created an S-corp business for tax purposes for this 1099 income. My question is that if I purchase real estate through my S-corp (or create a different LLC/s-corp to purchase real estate) would that look like a loss/ expense in terms of my overall income from the S-corp and therefore lower my AGI? Im thinking that if I create a "real-estate investment business" and i make a down payment purchase on a home that would be a business expense and therefore subtract from total profit. I'm not sure how this would work and i am likely oversimplifying it. I am going to run this by my cpa but i thought i would put it out on this forum first to see what information anyone had. Any insight would be appreciated. Thanks in advance!