Business Expenses vs Real Estate income/expenses
I will have 2 rental properties, each generating income and losses. Can I deduct my business expenses as a real estate investor (car, office expenses, business meals, computer, etc) outside of the profit/loss sheet for each property (interest, depreciation, maintenance)
I have a full time job so my understanding is qualifying as a real estate pro to overcome the 25K loss limit is near impossible, so can i deduct regular business expenses outside the actual property expenses (to maximize deductions).
Not trying to cheat the system, just wondering how to approach itemizing all these expenses and deductions ahead of time.