I believe the deductions on your equipment stem from the depreciation and from the consumption of fuel, repair parts, etc - in other words, these are things that lose some of their value with their use.The land is not deductible because it is classified as non-depreciable.

I think the main connection to COVID (and my initial angst) stemmed from the inability to evict due to non-payment through the COVID moretorium. 

We want to take advantage of the tax advantage offered by the LLC though as we were told rental losses (stemming from major rehab and depreciation mainly) can only be claimed if the rental is run as an LLC (for my case) since the W2 household income is above 150K. is this true?

People like to smoke; cigarettes are legal just about everywhere, weed/cannabis may be legal in some places but crack is illegal almost everywhere.

(you fill the blanks with your conclusion here).Bottom line, check out how many countries in the truly developed world have coverage for ALL their citizens, as imperfect as that may be, and how many allow their weak to go uncovered, with all the consequences that stem from that.

The core issues still stems from the cost of said debt.

Keep in mind that you may be liable for a child, visitor, or even him getting injurer on site... or for some other damage (kids burn the house down or who-knows-what) that stems from his inappropriate use of the single family home.  

However, if he addresses the "nothing major" leaks reference above, he might just stem the flow from his wallet.Leak or no leak, sub-metering (if possible) is the way to go with water.  

Gage was doing which was injecting human embryonic stem cells into newborn mice so that they would create human brain tissue.

Clinton enjoyed one party rule in his first two years, and the squabbling dems squandered their opportunity then. 2010 will be the first opportunity to re-establish some form of two party rule and stem the uncontrolled spending.