Assuming the seller did not receive the second notice on time before signing the disclosure, why did the seller or the seller's agent intentionally hide the notice in the disclosure and fail to inform me?

The intent of the BOI law is to have a record of all who own or have controlling interests in companies, in the event that such companies are involved in financing terrorist activities. 

But if you use a letter of Intent or a contract with plenty of exits for your purchase this can be a huge benefit for you. 

To add more clarity, My intent was to do the 1031 and rent it for 2 years, demo and rebuild, do the CSA and rent another 2 years before considering to make it a personal residence.

Is it worth removing this tenant and having it sit vacant while you find a new tenant.If your intention was not to keep this tenant then I would have had the owner deliver it vacant, unless you think this tenant can afford a higher amount (which probably cannot but I assume you have info on this tenant to make that decision)

Thanks, so it sounds like the steps to send the seller are:1) Letter of Intent (LOI)2) Earnest deposit based on a 21-days inspection & financial contingencies3) Coordinate time with the seller to have an inspection & general contractor (GC) walkthrough4) Calculate the amount of repairs/fixes required to see if it makes sense5) Ask the seller for lease docs (estoppels) in addition to rent rolls, maintenance, and all expenses6) See if the bank approves the purchase7) Purchase, send the tenants a document that says I'm the new owner, and start rehabDoes that sound right?

I didn't do any due diligence as I had no intention of buying, but assuming title and physical condition were decent it looked like an easy $50-100k flip.

And it's commercial, intent is for revenue purposes, so revenue is the most important of the 3 to consider, by far, unless there is some extenuating circumstance. 

If there is a legal dispute over when a business started, they will examine when the actual business activities commenced and not what your lawyer wrote as an intention.4.

Well, excluding the single family home that I am planning to rent out in NC in the next week which started as my primary home, this truly is my first multifamily home purchase with an intent to invest.Now, to answer your question, is it wise?