If you are in the business of real estate (and not a passive investor), your LLC expenses are deductible in the year they are paid. That would include vehicle/travel costs necessary to run your business.
Up to $5,000 in startup costs can be deducted in the year you opened for business. See IRS Pub 583 Business Start-Up Costs.
You have the option to add expenses directly relating to the investment property (carrying costs), such as property taxes and mortgage interest, to your basis in the property by making a Section 266 Election. This tax treatment may reduce your gain on the sale of the property in the future. See How do I make an election in Section 266 to capitalize the taxes paid to the basis of vacant propert...
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