Be careful calling multiple lenders because loan officers are trained to get you into an application and pull credit.

-Save an additional $40,000 over the next 8-10 months to put a down payment on our future primary residence.That's it.

It's up to you to run a background check, credit check, and eviction check.

You mention multiple states in your title, such as Indiana and Illinois.When choosing a professional, make sure they understand multi-state taxation in addition to real estate taxation.

Unfortunately, Oregon has a 9.9% tax rate on capital gains in addition to the federal tax.

I'd buckle down and apply every saved dollar to the lowest balance business credit card, then the next until all 3 are gone. 

$135 a foot and an 18 month wait to build and the potential for materials to go up an additional 30%...

I have no need to have an additional place for family and friends to use.

Additionally, I would rather not use a significant amount of cashflow to factor in the return to the outside investor.

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?