Others will have more specifics to share.  

@Pete Tarinthere could be tax benefits - you might be eligible for passive losses, but it would be specific to your situation. 

For example, for rental properties, lots of the categorization depends on the REI's specific tax strategy regarding what we're capitalizing versus what we're immediately deducting.

Once the option period is up, cancellation would only be for items specifically named as contingencies, such as financing.   

I think there is a big opportunity around some specific spots around Atlanta in the next few years. 

Which specific cities are these new builds ?

This is very much lender-specific and will vary. 

It is delinquent enough (Greater than 90 days but below 120 days(can't file first legal until after the 120th day by federal rule (Except under very very specific circumstances)) to where the lender or servicer has sent the breach letter (Notice of pending foreclosure) with an expiration date that the loan will be referred to a foreclosure filing (Trustee/attorney) if the borrower(s) don't cure the breach within that defined period of time.* A notice of default is not a letter sent by a creditor saying they are late.

Is there a specific search filter that works well?

More specific: He stole months of rent and utility payments from a tenant (and threatened to evict her!)