That means owing more taxes in the future while decreasing the tax benefits of owning that property until you sell.

These plumber guys , if I have to create new plumbing line , he is basically doing temporary contracting to another 5 guys that do the work , and paid them hourly like 30 bucks per hour.

I’d recommend taking a deep breath and not worry so much about ARV, CoC and just look at a way to decrease your cost of living while buying your first property.

I doubt she can be out by the end of April, but you could talk to your PM and see if she was out by May 15, could they get it rented for June 1 decreasing the vacancy to a couple of weeks.

@Alex MartensTry and work on some type of termination agreement with themWhen I worked for development company we would deal with this and do abatements for temporary causes but this seems like the business is not going to surviveBe let them out of the lease and get a new tenant in there with a long term lease

To illustrate, a property initially valued at $60 million might see its worth decrease by 30%, settling at around $45 million.Basics on Property Evaluation:To figure out how much your commercial property is worth, you can use the following simple math equation.

Evaluate historical and current vacancy rates, aiming for decreasing trends.Demographics: For younger populations, focus on proximity to parks and schools.

We did waive a late fee for one tenant back in April & May when they had a temporary pause in their employment due to shutdowns, but they applied for unemployment benefits which more than covered their rent, and they quickly caught up. 

To decrease costs, what about increasing the deductible on the insurance, can you refinance at a lower rate and pull some money out?

MLS, I had the other agent rep me and we decreased the purchase price since we received dual agency representation.