Also did you account for rent reduction and incentives? 

Negotiated as a concession this reduced the hard cash to close,  instead of a reduction in sales price.Real Estate Professionals should be accurately aware of market analysis and market conditions and as best as possible to ensure there is room for a concession to be incorporated into the sale price. 

As hybrid work becomes more of the norm, more people are going to be willing to take the hour drive once or twice a week, for a reduction in living expenses (especially families who want more space !). 

I'd also suggest a strategy session in my office or over the phone to fine-tune the numbers and discuss potential cost reductions.

The seller of the business I finally bought got a price reduction putting in $250K in off the books cash.

You record is on the fixed asset account as a reduction to the tax basis.

This means that the tax "reduction" from that tax "deduction", is relative to your tax rate. 

Notice that the reduction includes BOTH the deductible tax loss of $10k AND the $40k insurance reimbursement.

While all this years turmoil was ongoing with this property the real killer is the county's aggressive property tax hike combined with the reduction in rent income as we had to lower the rent to get a tenant in. 

Vacancy (CMHC): Calgary 4.9%, Vancouver 1.2%, Toronto 4.5%, Montreal 3.0%Population growth 1961-2021 (StatsCan)-Unemployment percent 2001-2019 (StatsCan)-Conclusions:* AB is the only one where unemployment is trending higher (oil based economy)* QC has the most significant reduction in unemployment, a combination of high job creation and relatively slower population growth* despite having the most population growth, ON still manages to produce a lot of jobs for people going thereREI is a long term endeavor, so it's worth the upfront time in doing some analysis to increase your chances of success in the future.