The lender is then required to acknowledge that notice within a reasonable period of time with either their objection to the seller,  selling via subject 2, or an acceptance. the court would decide what a reasonable period of time would be (typically 30-60) days.

They refuse to acknowledge any potential rental income from the conversion of this former primary home unless I am able to provide them a signed lease agreement with a tenant already in place. 

I had to catch them before they even acknowledged it.

I have seen anywhere from $100-1000 (typically a few hundred).Same with the time - whatever works, perhaps a couple days.Typically you might have them sign something acknowledging that they have moved out and have not further rights to the property - a mutual agreement to terminate.

While I acknowledge there was a lot of uncertainty at the time, if I had recognized that almost all homes were being sold at a discount, I would have followed through on homes where my offer was accepted.

But I also appreciated they were able to acknowledge that and seek help!

It shouldn't be seen as a big deal, but somehow it is or it's acknowledged as a big step.

Here on BP, I would acknowledge @Yonah Weiss as he is an expert in cost segregation and bonus depreciation.All the best,Jack

ASSIGNEE acknowledges receipt of legible copies of the original Contract for Sale and Purchase in its entirety including all Addendum(s) associated with this transaction.Now in my Original contract I have an inspection contingency, which will also get passed to the cash buyer when I Assign the contract, so there is all the chance for this deal to fail if my buyer comes up saying there is more in repairs, or the inspection failed at which time he will bargain with the Seller and the seller may not agree to the new term, the deal will fail.The contingency clause in the Purchase agreement is as follows:11.

I acknowledged the extra wear and tear on the property, which is why I suggested using 10% (at the very least) if basing those expenses on the income of a single family home.