The due date for 1065 returns is March 17th this year.Yes, you can deduct all property related expenses on the 1065 return. 

And since the S-Corp’s profits pass through to you, you’d still pay personal income tax on the rental income.

They must ensure that all workers on the multifamily construction project earn income that meets or exceeds the rate of prevailing wages.What buildings qualify for the tax credit?

Start with a 3–6 month trial on Furnished Finder and Airbnb, adjusting pricing based on demand.

It makes an extraordinary difference on IRR or your ROE to not have this affecting your equity.

Quote from @Jamir McClinton: OFF-MARKET LAND FLIP View report*This link comes directly from our calculators, based on information input by the member who posted.I just want to know if my analysis is accurate or if I’m way off.

Then you can reposition it depending on equity or sell it.

I think it is somewhere on FM 349, but we have never attended. 

Any advice on some additional improvements that could be done to potentially fix this problem without having to buy a new water heater?

@Dhiren Ahir It's best to title real estate correctly on day one.