Once the home is under the LLC Ownership, am I able to deduct expenses/mortgage interest payments from my own personal W2? 

If it is in an area with a bunch of expensive permits and replacement costs, no way I'd pass on inspection.Clint

.- Document everything (receipts for taxes, all the work that you did yourself via photos and video, and your expenses in an excel sheet to make sure you're on track.

and are they expensive? 

Your Passive Allowed/Activity Losses (PAL) will be reconciled on f8582 and brought onto SchE if allowed.Again for rentals, its basically your Rents - expenses - depreciation.Does that help?

Based on the feedback from a high net worth client in the RE industry (you'd know his name if I mentioned it):  Very expensive, nothing he hadn't heard elsewhere in re tax planning, much more interested in up-sells. 

Anyone from a housewife with no work experience to a former Navy enlisted sailor can become a realtor in 8 weeks and THEN help a Buyer or Seller make decisions on the most expensive asset most people will ever own. ( Think about that for an hour or two) The real purpose of Real Estate School is to familiarize a prospective Agent with the Laws that the BROKER must follow and keep the BROKER out of trouble. . 

In fact Real Estate is one of the only investments where buying more expensive property is a safer and smarter play. 

They reflect the overall economy including how expensive it is for investors to raise money and whether they can obtain similar yield from other investments.

(It's more expensive) Or just ask them to get something close to they style and send me a picture before replacing.