Welcome to BP @David Creed.I am new to real estate investing as well and am in the education phase, just like you. 

If the seller knew or should have known this, you are on pretty solid ground telling them they need to break the lease with the new tenant or you will walk away.

well if your roll is funds then please send POF's so we can hit the ground running

Schematic Design Development, Construction Document, Bidding, Construction Administration.Each phase serves a purpose and I can go into that in a later reply if you are curious.An Architect could also provide Construction Management which is different than Construction Administration.

This is why I preach education and finding a solid team on the ground to work with for any investor looking into turnkey.

Still in the search phase.

You don't want to create grounds for someone to contest your ownership, and I'm sure your lender and insurance companies don't either.

UCLA Anderson School researchers said back in 2015 that SoCal was about 50% into it's appreciation phase and expected a return to more normal appreciation after that point.

We have recently signed leases who are in the build out phase and will be at 94% occupied.

I assume everything needs to be turned on prior to inspection, but how do i know that the house isn't going to explode when the gas comes on, or become flooded when the water comes on, or burn to the ground once the electricity comes on?