If you need another term, you need to separate materials and labor prices (not sure your contractor is willing to do it), 100% materials and if there is an additional man-hour used for special installation, then it will be up to you how you would mitigate that (i.e. if he wants a Jacuzzi instead of a tub, and you already installed the frame, then he backs out, you need to mitigate that too).

.- Assignable: You are more likely to see a Minotaur eating a Unicorn then getting a bank to agree to an assignable contract.Now by all means take it and send it back and see what happens, just saying you should mitigate your expectations.

I want to secure rental properties I purchase under my LLC to mitigate risk but have run into a few hurdles.

They are trying to mitigate their risk as much as possible.

Extension risk is mitigated by most stuff we tend to buy and discuss here on BP as it is at a discount.

This is even though the final sale price will be higher than the purchase price.My questions revolve around mitigating losses on this property. 1.Can you, would you or do you have to take depreciation for the year that it was rented?

If you can find an market that's attractive to you that you are going to anyway it can really help to mitigate your initial costs.

Acquisitions team, renovation crews (fully licensed and insured), Property Management, and a Real Estate Investment Brokerage in case you ever decide to sell.By teaming up with a solid firm you can mitigate your risk and have some "boots on the ground" that have your best interest in mind. 

But if I did choose to allow a tenant to keep a pet on the premises, we would have a long talk about it prior to the pet's arrival and establish a clear understanding about required pet care and how to mitigate damage.

We are trying to find ways to proactively mitigate but we're not sure if this is possible.