If so I'm going to cautiously (without benefit of peeking further into the closet) venture that your father has a 1031 opportunity with the portion he owns with some caveats.  1.

I am very skeptical of a company trying to close a sale before I know what I'm actually getting.To make me even more cautious, the day after I spent 20 minutes on the phone with him, telling him I wasn't comfortable being charged before I knew what I would actually be getting, and would have to think about it, Marty called again.

You're right to be very cautious here.

I might say to be cautious.

Their justification for that is that there will be vacancies and other expenses that reduce the income.OTOH, I don't know many buildings with 25% vacancy rate, so they're being overly cautious.

I'd be cautious, maybe try and get some face time with the person to put a face to the name.Ryan

What can I say, I'm old school and cautious. 

For the benefit of the forum, things to watch out for when dealing with scammers are: 1) double-check the email address used to send the email; 2) always be cautious of any instructions sent over email and not from a secure link/source; 3) read through the message in its entirety to spot any formatting errors or duplicate email signatures, etc.; 4) when in doubt, call the person in question using a number found online/another source to see if they indeed sent the message; 5) ALWAYS call to confirm wire instructions right before transferring funds, even if you called to confirm them before.

I'm trying to be cautious, but not stereotypically caucasian-ignorant.

There is a tradeoff between the time value of the current deduction and the tremendous potential ROI benefit of being able to obtain financing.Doing projections of your future debt ratios and other aspects of your "lending profile" is critical, and can potentially help guide you in how aggressive you want to be in taking deductions.Even local banks lending for their portfolio are under some of the same pressure to be cautious with subjective underwriting adjustments due to regulatory oversight/review of their loan portfolios, though local banks can definitely be much more flexible than secondary market originators.I'd be curious if anyone has had luck with getting tax return adjustments accepted by their lender, and what you did to prove your case.