It would take just one case of someone fighting inherited deed restrictions that are contrary to current COA zoning to put this whole hand wringing exercise over outdated deed restrictions to bed.

That sounds like an incredibly thin slice of potential tenants.As is kind of acknowledged in the article, there is risk of vacancy, if the tenant decides not to exercise their option. 

I have always exercised the leases under my legal name, Queenie Wang, as the Lessor/Landlord.

I'll send a link to a video I've done on how to do this.A lease option would work as long as you structure your the option exercise with the buyer so the dates work for you. 

I'm going to take an educated guess here and assume you have many friends in the lending and investing business have you heard they're experiencing due on sales being exercised by banks?

I am compiling an offer for the house, and the agent is asking me to sign a document that has language that I am not fully understanding.In my understanding, the agent's commission is paid by the seller, but in "Client's Obligations" it seems I am responsible for 3% of the purchase price of the property or 50% of the aggregate rental of the lease and all options as exercised. 

I decided to get this license because I wanted to keep some real estate career options open and learn more about the business, however at this time I have no intention of exercising the privileges of the license.

Just an idea, I'm wondering is it possible or legal to add a line or addendum stating that the tenant agree and will waive the right to exercise the eviction moratorium? 

@Eric Malone Ok let's do a fun exercise. 

The option is there should you decide to ultimately exercise it and purchase the building.