Hi All, any input on renovating a house and possible tax exemptions under an LLC?

Someone can be a brilliant tax person but horrible to work with, and also vice versa. 

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

Cut expenses and work, no way around it.

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

I don't know the answers on taxes, but New Jersey is the densest state in America.

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Imagine a $185K income earner ($100K after tax) having a $600K mortgage.