@Tim McKelvey - I will adjust.

For example if =<50% residential is determined by tax lot instead of new building, I might combine the lots or adjust the lot lines.

It is ordinary and necessary for real estate investors to notice wear and tear from year to year and claim "depreciation" on their properties.The rule that your accountant is referencing to is the "real estate professional status" which allows you net losses from your rental activities with your other income if your adjusted gross income is above $150,000.

We have payed 80%+ of the balance, but he is fighting that we need to pay the full initial rate that we signed on even though the details of the contract are inaccurate and he never sent any written Addendum to the contract for changes in work (he just went ahead and made the executive decision about adjustments without checking with us first).

Note that $210K from 2006 equals to $260K of today's money, adjusted for inflation.

Or maybe they will just look at the appraised value and it will have no effect on their decision to adjust the taxes.

@Omar Khan wroteI would also increase your vacancy, capex and repairs # at the minimum as they are very low.Many banks when underwriting the deal will adjust these numbers anyway.

Never dice rolling. just wondering where I could make adjustments to submit an offer that makes sense. 

Consodering 1st mrtg holder will foreclose immediately if this shortsale doesnt go through, (they are postponing auction date so this deal can have a chance to go through) hopefully 2nd mrtg Ditech wont ask for too much and Senior lien holder will be willing to provide those funds without adjusting our approved purchase price. 

If the market does adjust you will be ready and can be more selective.