College is only 4 years, but the real world, responsibilities, taxes, bills, and all that nonsense will be here whenever you choose to join it. 

@Fay BrownIf it is legal and permitted it should already be factored into the tax bill, unless it was just recently completed.

and/or reduce expenses (can you bill back the utilities to the tenants?)

@Stephan Ketterer the problem you're going to run into there is that the owner of the building is not the one paying the utility bills in most cases, it would be the tenant who may or may not have authorization to make modifications to the building, they also might not stay long enough for the upgrade to pay off. 

@Erik Stenbakken As you've come to find out, there is no standard when it comes to CPAs and their service offerings and billing methods.I think it goes without saying that you want someone who specializes in real estate.

Look Up Bill Exeter or Dave Foster on here. 

Make sure it’s worth it to defer the 2/3rds (or less, depending on that first 1.5 years) tax bill at 15% and tiny depreciation recapture tax bill at 25%.

First thing I would do is visit Bernco.gov and pull up the tax bill.  

Can't tell you how many times the plumber has picked up the phone after hours when we call for an emergency because we know them, have a good relationship and reputation with them - and we promptly pay their bill!

I think we're going to see the real bill come due within the next year.