I've developed some great relationships and also a business partner from these meetings.

Is there an app that will layout a small scale development?

I agree with many that have responded that one year financials and a revenue number from a schedule E would be standard.

As others have said, the lost of revenue is usually tied to the coverage. 

We mainly do developments of Self Storage locations.  

Obviously, if your prepayment penalty has already expired, this is not an issue.Personally, I'd keep the extra funds and use for other investments that will potentially turn into more revenue versus paying extra on a loan that will take years to potentially realize the savings...Cheers!

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

I’ve developed a number of small condo communities in Philly. 

I'd love for that to happen, but I have not seen any indications of this development.

We are developing a system in my office called "T.R.I.P"  which stands for Tenant Revitalization and Investment Program.