I hope things work out in your favor! 

I agree with @Ashish Acharya if you're interested in reinvesting the proceeds into another investment property and your goal is to minimize your tax liability a 1031 would work out well for you.

You will need to work out a mutually-agreeable solution. 

Can't tell the number of computer system installs, Startups, bankruptcy workouts, Team development, Brokers/consortiums, finance packages, etc that I did working many hours a week. 

.- Have attorney draw up a contract to do this.Suggest you offer your dad some cash, now or in the near future, to motivate him to transfer his ownership to you.It may not work out, but you will learn a lot either way!

Didn't work out because I still have a project hanging in Upper Chichester (Philadelphia, PA).

Okay pal, go with them I am sure it will work out the same (sarcasm) (hangs up phone).Like anything in life, you get what you pay for. 

But I would think it could/would certainly work out if the numbers look good.And yeah, I don't think you'd have to discount the space due to less SF, or not much anyway.

That's 130% interest when you work out your ACTUAL cost.

Morris was very much representing Rust Belt D'class management as a walk in the park, color-by-numbers project and telling his people to rest assured that it would all work out in the end.