Custom tile showers. 

Upgrades/repairs include:flooring (tile and carpet, entire house), painting (entire house), complete kitchen renovation with new appliances, cabinets, sink, lightingcomplete bathroom renovationsupgrade/replace ACupgrade/replace existing hot tub  upgrade/replace furniture/bedsupgrade/replace old pier with newadd new kayaks, paddle boards, and bikesI am thinking anything that is removable (furniture, appliances, water toys, bikes, pier, etc) could qualify as an asset for the LLC and thus be used as a tax expense for the LLC.  

The main house is completed and as far as labor, I spent $40,000 on just labor and that includes everything from full gut demo to finishes.We are talking about a 4BD, 3BTH two story 2400 ft.² home with a bonus room.This was a full gut job, replaced…12 Windows (new construction)2 sliding doorsTook out all carpet throughout.Took out this ugly 2” thick tile from half of the downstairs portion.Removed popcorn throughout the entire houseTook one wall downA little framing workReplaced entry door 80” x 92”Drywall patchingSmooth drywall work50 recessed lightingAll electrical neededAll plumbing neededNew cement walkway instead of one walk to the front door I created two steps with two lights in each step.Install kitchen cabinets, excluding countertopInstall all three vanities3 bathtubs with one being a modern standalone tub in the masterAll tile work (bathroom wall & floor, kitchen backsplash)Installing of all hardware, faucets, showerheads, etcInstalled 8 single panel doors with hardwareAdding self-leveler after tearing out that thick tileNew LVP flooring throughout the entire house except bathrooms,all baseboards, trimsPainting the entire house, painting all the doors, painting the outside trim.Reframing the outside balconyReframing the fireplace to install new linear modern electrical fireplaceand they took care of the two trash bins.I mean, completely redone.The only thing that was not included in the $40,000 is landscaping, counter top cut and install and of course the ADU which I’m currently working on now.So my question for my fellow investors and contractors did I pay too much?

Here, it seems the fact pattern is in your favor but what is the best case scenario?

we have filled in the docs just need to send to the County.My assumption is that Trust will ultimately own the LLC (we are going to assign LLC to the trust, once the tile is redeeded to the LLC?

Are you using penny tile or 24x36 slab tiles?  

All new MEPS, insulation, windows, roofs, siding, flooring, sheetrock, tile, cabinets, doors, etc.

Vacancy rates may also rise slightly under this scenario.The retail market's performance will depend heavily on broader economic trends, particularly employment growth and consumer spending patterns.

I happened to be looking at Monday's houses briefly only because a friend asked me to comp one property's value for him (because I've got mls access as a broker and he just wanted a quickie comp) but I stopped there so I don't know about this one in Shorewood you mentioned.As far as the suburban counties, as you may have noticed, the more well off parts of MKE Cty aren't very well represented compared to the less well off areas, so when you look at the other counties (like the Waukesha Cty sheriff has a running listing of the next maybe 5 or 6 weeks of auctions on their website and each week there's usually 10 to 20 TOTAL each week and quite a few will be in the relatively few not so well off areas of the county and you'll be hard pressed to find many in Chenequa, the most expensive community in all of SE WI) Ozaukee has very few as well as Washington County and I'd guess its the same pattern there as well, but you'll have investors in all of these counties who are watching them. 

I am not sure how much this course was or when you purchased it, but I would evaluate your fact pattern in light of the above and self-assess or discuss with a tax professional as needed.