Tax question: Deduction or not?

[Russell Buxton]

I own 8 properties. I intended to buy one more. After the inspection, I decided not to go through with the purchase. As it was a multi unit building, the inspection was $2150.  Can I deduct this loss against the gains in my other properties? I also paid for the title search in anticipation of buying. Can this be deducted too? If yes, would I just put these expenses under one of my other properties as legal fees? Thanks