The HOA is not aware of any reason the power would have been turned off.We are replacing the refrigerator as soon as possible.The tenant say their insurance will not cover it although I'm not sure it was presented properly.It is under our insurance deductible.

. - eliminate the $25,000 exemption from passive loss- eliminate section 1031 like-kind exchanges that allow deferral of capital gains- eliminate rules that allow faster deprciaion write offs (I assume this is geared toward killing oppertunity zones)- eliminate qualified business income deductions for profitable real estate activity- elimination of basis step-up for inheritance I wanted to see if anyone is planning to make any changes or take any specific action mitigate any of these?

Itemized deductionsBiden has said he would limit the tax benefit of itemized deductions to 28% for upper-income individuals.

Would having an extra holding LLC give you added tax deductions / legal protection that you are not getting already?

If that options fails due to income/deductions DTI you can always just revert to a bank statement program. 

You would think reading some of this very dubious commentary it's as simple as buying any nature of real property characterizing 99% of it as something other than 27.5 / 31 year property per a "Cost Seg Study" and then merrily expensing the whole kit and caboodle in year 1 - voila.Good luck with that unless you really enjoy playing tax deduction Russian Roulette.

Curious if our w2 income we can still deduct our losses against that.

No further direct deductions can be made ie depreciation, MAGI>150k.Looking for a passive income investment 100-200k preferably syndicate with 5-10% returns but more importantly a K-1 depreciation loss through cost segregation to offset the other business income.Obviously no guarantees but I know there are certain funds or syndicates that can front load depreciation that would benefit someone in my situation.

Maybe offer an extra $1,000 or two to cover their deductible and incentive for them to file.

First of all you pay tax on all the net income.If you live in the property for more than 14 days you to start pro-rating your deductions which will mean you will  pay more tax since you have less deductions against your income.