That's five houses on 200 to 500k lots  LOL.. houses went away and we build new construction or sold lots.. its quite sad but all were owner occs none were tenants.. usually tenants get booted before they can get as bad as these homes were.. these homes were beyond salvage plain and simple.

What I would like to know is where do you think I should be contributing my extra money?

Good contractors will usually recommend other good contractors.

Usually, that “something” is shares in an active corporation (typically referred to as an operating corporation or optco) or assets.

Unfortunately Grandmother death in June was planning on working for 3 more months to save an extra 10 grand, but life happens and you deal with it..

It just creates extra paperwork.Your better option is to get good liability insurance and most importantly manage risk to avoid problems in the first place.

Will my taxable income go down to $105k, or does that extra deduction carry over until I have a positive year?

Financing is usually the easiest piece to figure out.

(A: Usually significantly less of a % than if you were the owner-occupier).If you'd like to buy it with a deposit and a mortgage anyway, what's the issue?

For extra credit, you should refer them to a great listing agent and make the introduction!