A professional letter written on company letterhead is way more effective when dealing with commercial and multifamily owners as they are usually investors themselves.

That low priced Midwestern property is not low GRM directly because of location & demand, but a secondary effect because of the low prices those cause.

It allows us to effectively grow your asset base on a tax deferred basis, similar to the way a 401k allows you to grow your asset base on a pre-tax basis, if that makes sense.If you don't have a gain on the property, you could still be liable for depreciation take back taxes because since the property has been depreciating over time.Anyway, I think we've all belabored this topic extensively and hope that we were able to help the original poster with their question :)

But that's the laws where I live and your mileage may vary.If I wanted the change to go into effect immediately, I would need the tenant to agree with and sign the lease amendment. 

Asking from the perspective of a designer pursuing professional LEED certification and also looking to doing future development projects as LEED-certified homes or communities.

And make sure you go ahead and take another long look at the current lease to know the ins and the outs, and start designing your own lease for when it is time to either renew the current tenants, or get new ones.

How would this type of sale effect the seller in terms of taxes?

Team building exercises seem to be an effective way of building the team as they move through their various stages of forming, storming, norming and performing ((https://www.mindtools.com/pages/article/newLDR_86.htm).  

Of course that's just an appraiser - tenants won't mind at all unless it's dark and dingy.Why don't you provide a little more detail of your design plans and we can be more helpful.  

If you pay off your mortgage you are saving 3 maybe 4 percent so in effect investing money at 3 maybe 4 percent.