If you are using airless spray equipment, expect around 20% reduction in coverage.   

I'm not talking about a large rent reduction but just slightly below market.

They like to look at major plumbing leaks, bad roofs and the like for price reductions.

Bought a reduction to our risk factor. 

Physical plant costs money and some banks can cost effectively close branches without a material reduction in service(s).

Doing a large motel we sliced up income projections for various activities, rooms, conference room leases, restaurant, bar, salon leases, etc to consolidated statements to use of cash, debt reduction and seasonal adjustments, so it can be brain damage.

For example, I would walk away if you don't:Have a clear understanding of what the total repair would cost.Have the tolerance for risk or ambiguity.Have the cash to do the repairs while maintaining general cash reserves.If these are true, walking away may be a better option than getting a $15K reduction on a $10K repair.

Here are just a few examples: --------------------------------------------- CALIFORNIA LAW (my state): TENANT'S AGREEMENTS TO MAKE REPAIRS: The landlord and the tenant may agree in the rental agreement or lease that the tenant will perform all repairs and maintenance in exchange for lower rent.154 Such an agreement must be made in good faith: there must be a real reduction in the rent, and the tenant must intend and be able to make all the necessary repairs.

Well your math is wrong.In year five your capital basis would have also been reduced by principal payments.Apply the principal reduction to the amount invested and see where you end up in return.

Why did you agree to a rent reduction ?