, you might be able to decrease the other costs.Interest rate of 4% might be a little low, depending on who you get to lend to you.$250 taxes seems low - is that accurate?

@Caleb Heimsoth @Dennis M.Do you both say that because of the risk of the property value decreasing in 5 years to where I may not have enough equity to refi without paying down?

What the average increase/decrease of employment and population for the last 3-5 years?

This wont really decrease the contractors overhead substantially, but will increase your exposure a fair amount.Jump on Greg's offer as soon as you can.

Any tricks or tips on decreasing the estimate?

You might get cash flow from your rentals without increasing your taxes, but you will not decrease them.Look at your rentals as long-term wealth accumulation, not a tax shelter.

@Eric SuessYou may be able to potentially offset rental losses against business income to reduce taxable income.It won't decrease the amount you have to pay in "Self-employment taxes" though.

Or we will be doing it but the value of our property will decrease based on demand for it?

Since this is commercial, can you increase the NOI by rehab, increased rents, laundry, decreased expenses?

At the end of 27.5 years if the building had decreased in value to $0, then you would owe no taxes.