filing taxes for a Buy and Hold Reno | Cost Segregation?

[JJ O.]

After listening to an informative BP podcast #269 podcast link, I'm inspired to find some tax savings related to a house that I purchased and renovated in 2018.  I also advertised the place to sell and rent in 2018, but I haven't yet found a tenant.  

Thank you BP community for your feedback.  I appreciate it!!

Questions:

1.  How do you treat the recurring holding costs: property tax, utilities, and mortgage?  Can this be expense-d or would it be added to the building improvements and amortized?

2.  If I had to travel to manage the project, can I get any tax benefit for these costs?

3.  Is it worth it to complete a cost segregation for a project worth $350K ($250k purchase and $100k in renovations)?  Can someone do this on their own or do you need to pay a professional?

4.  Assuming a cost segregation is beneficial. . .  How does one decide what is personal property for the purposes of the bonus depreciation?  The experts in the podcast mentioned that furniture, fixtures, and carpet could receive the bonus depreciation.  Does that include kitchen appliances, water heater, mini-split air conditioning, kitchen cabinets?