Rental property tax law makes this strategy extremely valuable, where the loan payments on your rental property are completely tax deductible. With Rental property tax law, the equity you put into the insurance product grows tax free. This is one of the great rental property tax advantages, to wit, converting equity into tax-free growth while eliminating rental property taxes. The fees can range from $500 for projects costing between $20,000 to $99,000 to $2,500 for projects costing $1,000,000 or more. While the NPS handles billing for the federal project review, the fees and the legal services to be provided are a matter for agreement solely between the individual and his attorney.