building more vacation cabins as a tax shelter?

[Debbie Berg]

Let's say someone had gotten a chunk of money, this year, and wanted to invest it to avoid as much tax as possible.  Here's my idea, maybe someone can tell me if or why it is flawed... yep, I'm a newbie.  I'll admit that!

I've had a vacation cabin rental in Alaska for almost 10 years.    I am thinking that if I used the money to build 3 or 4 more cabins, I could deduct that money as a business expense against this year's income.  It's a great market in our little town, and I am confident I could fill the cabins all summer.  Can I deduct, say, $60k, from a business income of say, $9000?  And show that loss against my other "real job" income" for the year?  Or would I have to just deduct a part of it for depreciation?  If so, how much, and can I take all of my depreciation up front somehow?  

Thanks for the advice on this, or any other strategies for sheltering this money while creating a good investment!

Thanks!