1099 Main Income - Can I offset it with my rental expenses

[Steven Morris]

Can I deduct my rehab expenses from my 1099 wage earned at work, to offset my high income? I make 93$/hr (193K a year) on my 1099 and my wife makes around 95000 a year salary. I also purchased a rental home and I am going to end up spending 20-25K in rehab costs. Hopefully more this year. Im looking for ways to keep my taxable income low, and my monthly cash flow high by leveraging my real estate business. 

Neither are in an LLC, both are just in my own name. Can I mix and match income and expenses since technically I am working for myself in both situations, half my time at my tech gig and half my time doing real estate investing?