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.

Need more info on this such as UPB, P&I, Int rate...For example if it’s a lengthy terms second at a very low rate 50% reduction could be fine because the loan will take forever for you to earn your $ back and thus be a very low yield

Like for residential, I can see entire history, when it hit MLS, were there any recent price reductions and even if I dont end up purchasing property and someone else snaps it from me I still like seeing how much it went for.

Price reduction or just stable back to normal?