I buy real estate but I carry debt which is actually tax deductible, my money works for me.

I have landlord insurance with deductible $2500. the house has continuous flooring, meaning the entire house has same LVP. 

HELOCs often have lower interest rates, and the interest may be tax-deductible if used for investment purposes.

In some cases interest paid on the HELOC can be tax deductible if the funds are used for home improvements.Best of luck from Fort Worth! 

Is my accountant accurate in stating I cannot deduct the expenses related to the property if it's not listed in an LLC?

Income taxes- if needed can you use your 2 year primary residence deduction if a taxable event occurs.13.  1031-  if any part of the insurance claim is a taxable event is there some way to do a 1031 with lenient time frame adjustments?  

If the cost of rehabbing it is more than it’s insured for, they’ll just cut me a check for what it’s insured for minus the $2,500 deductible.

Since part of your property is a rental, I believe a portion of your mortgage interest should be a tax deduction unlike your other debt.

@Vidit Maini Starting your business as an LLC taxed as a C corporation offers flexibility but involves double taxation unless you elect S corp status, allowing profits to pass through to your personal return.For tax savings, deduct startup costs, track business mileage or vehicle expenses, and consider a home office deduction.

When you sell a property that has been depreciated, the IRS requires you to "recapture" the depreciation deductions, taxing that portion of the gain at ordinary income tax rates.