The house is located in an area where property values are decreasing.  

Interest rates decrease, you refinance, it cash flows, you live there for free/ or you move out and it cash flows even more.Of course, it's important to acknowledge that even after renting out all units its still possible that it doesn't cover the full amount or cash flow, and rates don't decrease.

So perhaps it doesnt decrease any value of the land. 

However, the pandemic has also led to economic uncertainty and decreased demand for certain types of properties, such as vacation homes and commercial real estate. 2023 is the year impacts of COVID19 subside, as travel picks up and people get out of their homes (we've already seen a portion of this in 2022). 

To be more specific though, according to IRR.com viewpoint 2021 for Multifamily(our asset of choice):Jacksonville, Orlando FL are in Expansion  : (decreasing vacancy rates, moderate/high employment growth, med/high rental rate growth, etc)while Tampa and Sarasota are in Hypersupply :(increasing vacancy rates, med/low rental rate growth, moderate/low employment growth, etc). 

The tax rate in Texas metro areas has decreased or remained constant over the last few years as valuations have skyrocketed creating large increases in most investors' tax bills.Special assessments by a taxing authority is extremely rare and would typically only be seen a scenario of rapidly growing water districts and such needing to expand services.  

Increasing the income via tenant buy outs is a way to enhance the financials for the building for the purposes of obtaining a new loan.So I would be increasing the income for the building and then I would be decreasing the payment through a lower interest rate for the buildingSince I don't have a term sheet I can't tell you how much I would be saving, exactly but if it provides 1 - 2k off per month of savingsI would make the money back within 2 years

Due to the FED's rate hikes, retail buyers' purchasing power has decreased significantly.

Better to refiance the existing loan amount back out to 30 years decreasing you payment and then continue to pay the same exact amount you paid prior to refinancing.

We realize there are three ways of arriving at 1%: decrease the acquisition price, increase rents, or both.