.- I went a little overboard with renovations, but I wanted to get good materials that would lastNevertheless good luck!

Depending on if you qualify as an “Active Real Estate Professional” or a material participant (both are defined by bunch of irs rules so don’t read too much into the labels), you can bring all or up to $25k (starts lashing out at $100k modified AGI) of losses onto your 1040.

Question 2: if there is no way around this does anyone have any suggestions for alternative routes?

I am also learning about and moving into alternative investments that are supposedly non-correlated with the stock market and real estate market.A year ago I was enthusiastic and told some close friends about the exciting new opportunities of DST-s.

Also, with the tools and materials that are needed in the repairs, it seems logical that there is some business expense write off and tax breaks I would be able to workout if these expenses were inside of a business and not out of my personal pocket. 

When you buy building materials or supplies, mark e. receipt with the project name.

Once you help them, then they'll want to help you.Chad Corbett's material is a good starting point.

If anyone has any recommendations for books or any educational material that could help, I would really appreciate any and all recommendations.

The order didn't specify what the septic tank was filled with but the order from the Health dept stated it had to be filled with compactable material (gravel, stone or soil). 

Offered warranty on both labor and materials, so I'm definitely keeping these guys in my back pocket. https://lakeshoreplumbingokc.c...