Ok, assuming you and partner own the  property free and clear, you each can convey personal interest to an entity, typically using a quit claim deed

Incur the expense of refurb and have a forever cost of maintaining the pool is a big deterrent as it adds absolutely zero dollars to what I can charge for rent and there is always that legal liability of an accidental drowning or some accident where the liability insurance may not cover or claim exclusion. 

Have your insurance agent pull a history of claims before you buy.

I have signed leases and have years worth of bank statements to prove that I'm bringing in the rents (which I'm also claiming on my tax returns).

My fear going into tax season is claiming too much of a loss and hurting my DTI for potential purchases in 2022.

Not true.A liability insurance is a must but will not cover you against all risks.For inside liability risks, a liability insurance may cover you up to their limit, but your personal assets are at risk if your insurance is refusing to cover you (read the many, many pages of exclusions of your policy) or if the claim exceed your policy limit.For outside liability risks, if you don't have coverage from your personal liability and/or umbrella you may not be covered either.An LLC put your assets in different boxes and insulate each box from each others.

Also you could always file an insurance claim, and the insurance company might hire PI’s if it keeps happening.

There are some carriers who want your business today, but 3 or 4 years down the road it almost seems as if they're looing for a way to get off your account (with or without any claims issues). 

@Misook FoleyYour profile indicates that you are a 'flipper'.A 401k might be a good strategy for you to lower your tax burden.Making a contribution to a retirement account may be a write-off for you.Furthermore, if you are involved in real estate 100%, you want to see if you are eligible to claim real estate professional status.Best of luck

The Board of Education is claiming that for the past few years it was under valued for tax purposes and The Board of Education wants their money!