We put in our offer on a Friday and gave them two days to make a decision, so I thought for sure they would take the weekend to see if they received any other offers. 

Based on rental income would be great since I'm self employed so minimal documentation is best for me.Any ideas?

In order for me to transfer the lease to my name I have to build a 300 sq ft structure on the property so that she is not transferring undeveloped land to me (a policy to make sure people live and build on the land and not just sell after receiving it).

It also can provide income without too much risk as long as they've received a sizable down payment and properly filed lien on the property. 

I remember 17 years ago, in year 2000, all of the sudden, the rent in San Jose became very expensive, most landlords in San Jose said they received more than 10 application each rental unit.  

Included in this would be title, underwriting and document prep fees.'

Any money you receive will likely be taxable and any reduction in debt will also be taxable. 

Also received a life story of woe to go along with why they couldn’t pay on time.

Here is an excerpt from an article from another BP member regarding delayed financing:If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 6 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of….Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”…WHICHEVER IS THE LOWER AMOUNT (super important)These rules are important to understand so here are two examples:Example 1: If you purchased a home with $50k of cash, and put $30k of renovations into the loan, and the home was worth $100k. 75% is $75k and $50k is your purchase price.

This will give him incentive to complete the project and receive the final payment and not have to wait.