During DD, along with finding the real underwriting deficiencies, it became obvious that my back up strategy would be most likely and therefore every basis point matters, since, I will be at the mercy of 3% rent control until tenants move at their own pace, so the lower CAP at close matters more to me, than if I would have been able to apply the primary plan. 

That applies to the Brrr method.

One of the most valuable and important things you can do is to understand the industry vernacular and how it is applied to a real estate asset.Feel free to DM me and will send a few pro forma snap shots.

They finally came back with the following:“At this point we would just need you to apply for a “Special Inspection” at our office for visual “certification” of the existing structures.”I am curious what this sort of “visual certification” entails.

Do these laws only apply to owner occupied pre-foreclosures, or would they also apply to NON owner occupied preforeclosure SFH, Multifamily, commercial, mixed use, vacant land, etc? 

As long as her husband is applying, is going to be on the lease, and has enough income to cover your requirement, this shouldn't be a problem. 

@Drew Sygit understood, neither of those applied.. lolAlthough this wasn’t the reason for this post, I just pointed that out at the end.

It is effective on March 4, 2021, and will replace the Homestay regulations. ...General InformationShort Term Rental regulations apply to dwelling units that are used for overnight lodging accommodations that are provided to renters for no longer than 30 days for compensation.

The same applies to REI, you'll get more education in these forums and by analyzing deals than you would through a paid course. 

Just start contacting and applying with PMC's in your area.