You can deduct the expenses once you have it available for rent. If this does not occur until 2020, then you would not be able to deduct the expenses for 2019. The cost of the improvements you are making are considered capital expenses and will be depreciated over the life of the property once you have the property ready to be rented.
Land is not depreciable or deductible, so if that is part of $45K, you would need to take that out. The land is part of your cost basis, so when you sell the property, the cost of the land would be deducted from your profit.
Yes, the portion of your mortgage interest that is allocated to your rental property is deductible. You would use the sq. ft of the rental compared to the sq. ft. of the entire home, NOT the entire lot or property.
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