There is a new 20% pass through deduction you may qualify for that could help you, but not everyone qualifies.

The things I would plan for are 1) ensure you have some type of flood and/or water backup insurance on the property and 2) plan that at some point it will fail and set aside reserves for the deductible and 3) plan for future replacement of the pump and generator.

If yes, maybe the property is a candidate for a cost segregation analysis - This doesn't increase your deductions, it just allows you to bring forward the depreciation to the earlier years.

Just because you put it in service later doesn’t mean you can not deduct your expenses.

If they have made any damage to the house/property based on the install/later uninstall you can deduct it from their security deposit when they move out. 

Specifically regarding Section 179 depreciation and bonus deductions.

First off, I’m not trying to do anything illegal I’m just asking if this is a plausible scenario.Also, I believe my title should read dependents instead of deductions.

It's a 1070 sq.ft. 2-story home (photos attached).All utilities are functional and city municipal: electric, water, sewer, and gas heat.Here's my cost analysis / scope of work:  https://docs.google.com/spread...Acquisition:  -$33kRehab:  -$44.8kClosing:  -$1.4kHolding:  -$4.4kSale:  -$10.5kTotal Cost:  -$94kAll-In Cash Cost:  -$83.6k (does not include sale costs deducted from proceeds)ARV:  $115kProfit:  $21kAll-In Cash Cost / ARV:  72.3% (just above the 70% rule, but I'm also living here)My first first goal is to find a new place to live.  

Considering mom pays interest to the bank and children pay the same amount in interest to mom, who gets to deduct their interest payments?

If they've been a respectful tenant, you could also deduct the reduction from their security deposit which is permissible in California:"California Civil Code Section 1950.5 only permits a landlord to use a tenant's security deposit to pay for the costs of: (1) unpaid rent; (2) cleaning the rental unit after you vacate (but only to what it was before you moved in); (3) repairing damage caused by the tenant that goes beyond normal wear and tear; and (4) ...