Quote from @Joshua Tucker: What specific tax benefits can high net worth individuals receive from building real estate on tribal land?

For example, I own two large multifamily buildings, and when I tried to get a tax exemption for them, I had different experiences.

The appraisal district shortly thereafter corrected the tax allotment “anomaly” between the two lots, but the investor never made a tax payment and eventually lost the lot to a tax foreclosure.  

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

Good luck with the team-building :) that is the most important phase, without which, growth and scalability will be hard to achieve!

This will also allow you to avoid taxes on the sale.

@Daniel MadhavapallilYou should hire a tax professional. 

Quote from @Victor Yang: Hello all,I am looking to buy an apartment building.

He's a CPA with a focus on strategic tax planning.

If your friends have a rental they should hire a tax professional.