Duplex Tax Loopholes

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My wife and I are closing on an owner occupied duplex later this month - tenant is already in unit B. The home is in great shape, but bathroom and kitchen are outdated. We want to maximize deductions and are looking for deduction loop holes. We're considering the below: 

1) We'll live in unit A, and renovate unit B. Once tenant moves out, we'll move into unit B, and we'll renovate unit A for next tenant. 

2) Purchase property under an LLC and LLC will create lease. We'll live in unit A and tenant lives in unit B. Unit A & B will pay LLC.

I'm not sure if any of these will work. Happy to hear your POV's and am all ears for any other out of the box ideas. 

Thanks everyone!

- Christian