He is only on a short term 5 month lease which is already up.The insurance price is what the sellers have listed on their Property Disclosure Rider.On my spreadsheet, I have accounted for vacancy and maintenance, and I still come out in the black.

The reason no one does owner occupied is the disclosure requirements and red tape make it a legal nightmare.

Aside from that, providing the seller a disclosure that tells them that they could get more for the property on the open market versus selling it to you helps from the legal standpoint.

There are many activities when trying to raise money that require legal disclosure or license.  

Before that in non-disclosure states such as Texas, one essentially had to use a real estate broker in order to gain access to data not readily available to the public.  

I used to work for developers back in 2006,2007 assembling land for commercial development.If yours is the only parcel then probably they will not have a confidentiality clause in there and non-disclosure.

Being an agent is all about disclosure!

I know In California for residential properties you need a transfer disclosure statement, lead based paint, natural hazards, etc...but what about for vacant land? 

They said because of "disclosures"...like it was a dirty word.

As is starting to become obvious in these discussions, each state has their own laws regarding mold, remediation, disclosure et al.