Thanks @Joshua Watts and @Michael Wagner .My situation is kind of unique. 

The house has a cathedral celling design, which is unique to the community so ... it gives me some interest to work on this house.Now, while looking at it, it has been empty for 2-3 years, apparently with windows opened.

Account Closed although I am not an attorney, an LLC structure does give flexibility in creating special allocations to members thus tax write offs would probably fall into this category.This would be a unique structure so make sure you have a good CPA and attorney. 

Did he object?

Greetings all,I have a unique deal and I am exploring the possibility of using a hard money lender.

@Denise Parent the objective with 1031 exchanges, or other parts of the tax code is to allocate all of the sale proceeds in a post transaction, pre-tax way.

I am considering a very unique property in Wisconsin.

I don't do it that way but the methods that he lists out and the objective will be the same for most BRRRR investors.   

Use as many free resources as possible to objectively evaluate the market prior to traveling to the market.2.

As a petroleum engineer you probably make more than most agents.Always depends on your objectives, make commission selling homes or building equity and cash flow.Keep you day job, save some cash, buy a fixer home with an FHA rehab loan with just 3.5% down.