The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?

If you wait, you'll be able to get an owner-occupant loan and house hack, putting far less money down with a better interest rate. 

(I am currently staying at another similar home in the neighborhood where the owner has done something similar)Upper Floor: Consists of two rooms and a bathroom.

Whether or not the city would follow-up on that is an open question.However, if the work is substantially done by a contractor under the owner-builder permit, the restriction does not apply.Also, some cities will try to tell you that you can't pull certain permits as owner-builder, but it is written into the FL statues.

Being able to cancel the previous owner’s rental license on the property so that I can activate mine given the slowness of the deed being recorded.

My business partner found it, and we negotiated the deal with the owner of the property, who was about to lose it since the city had condemned it.

Any surplus would be subject to claim by junior encumbrances and then to the owner of record 

Interest is a bit high but you don't share profits.I don't need an agent I need and owner someone that can see the whole picture  ThanksLuis MaqueiraMiami Multifamily Partners

The lease says, absolutely NO PETS allowed.

Hi BP,What is the typical arrangement for partnerships when one partner does not have capital to invest but they have all the other elements:Partner 1:Owner-occupied,  Great credit, No capitalPartner 2: Non-owner occupied, Capital , Great credit Does partner 1 get a percentage of equity plus percentage of cash flow?