That really limited my investing options, but you set me straight.  

Unless you or your spouse are real estate professionals, the depreciation will be limited to only offset your rental income.

Just a heads up on STR's, you won't be able to operate one in the Austin city limits, and several parts of Travis County, unless you are a primary homeowner.

If the Federal Law says the animal must be an animal that is normal kept as an ordinary household pet, I don't think the states can loosen that restriction to allow "any" animal because that would violate the Federal limitations. 

To rephrase your question: let's assume that you already have a net loss from your rentals, and for one reason or another, you are limited in claiming these losses in the current year.

@Champ Leong, usually credit cards limit the amount for cash advances.

I only ask, as typically when people say house hacking isn't an option they are limiting their view of what house hacking is.

Build a wall around it and lock the door.Or make the basement off limits to them completely with a locked door.

Fortunatly for me I do not have any other ties to weigh me down so, I can soley focus on my business with limited distractions.

From what I can tell from the plans thus far, there will be limited "green space" or "communal areas" (the developer committed to "total green space equal to 1/2 of a soccer field") which I suspect will drive foot traffic to the local residential neighborhood.