@Hobart KingYou might try moving up the deductibles.

The city itself built an addition for ~$85K a lot and generally gives them away if you'll build a $200K house on the lot.The city commissioners have been on a terror for decades trying to coerce people to keep their houses in livable condition or they tear them down.Here in Kansas they levy the tear down charges as a property tax, which the land owner just walks away from since they can't put anything on the land.

Typically SDIRAs cannot realize depreciation but they can when using debt financing on a purchase This makes it so the income is usually not taxed until the property is sold and gains are realized Even then the SDIRA is only required to file taxes if the is more than $1,000 of UBIT because the SDIRA is allowed a $1,000 deduction.

Owning an investment RE after retirement will have many tax saving opportunities becuase of all the deduction you will get. 

Assumed this rental property generates tax losses (due to depreciation) - I understand I can deduct these losses from normal W2 income that my wife earns. 

Not a hard and fast rule, but a noteworthy observation from someone who has a large book of business.Your accountant is blowing smoke on that last part S corp compensation is a HUGE audit area and especially with the new 199a becuase people are manipulating it since the calculation interacts with that 199a deduction too.

I am wondering how most of you deduct the vehicle here?

You have to occupy the whole thing to get the 250/500k deduction.

(and NOT $C - $A)Since I don't have an LLC, the house is under my name, how can deduct $B from my personal income?

@Levi T.