On top of all that if your number work, I would start concentrating on executing your plan to earn income from the property. 

Meaning buy under market value, buy in the right location, and buy in an area where you can execute a plan B or plan C in the event plan A does not pan out.

I am a new investor and really want to ensure I know what I would be getting myself into if I were to execute this? 

Seller executed a price drop of 5.7%; after fourteen DOM.

It boils down to you having sufficient knowledge of construction costs and practices to ensure that  your projects are properly priced and executed.

At very least, Isn't a commercial landlord still required to furnish a bilaterally executed 48-hour move-out inspection/checklist?!

You can create any terms that you want and then if rates ever come down again execute the option and put it into your name.What is your main purpose of doing it this way? 

I am an investor/developer in Northern CaliforniaI'd like to share a strategy for executing BRRRR but buying land and building housing on it instead.Buy land -> Build Housing -> Rent -> Refinance -> RepeatYou add massive value to the property by building new instead of purchasing an already existing building. 

The Addendum Regarding Rental Flood Disclosure applies to landlords, who are required to provide the addendum to a tenant at or before the execution of the lease.Can I fill out and sign the addendum on behalf of the landlord?

Interesting that their services, and how they execute those services, aren't being even considered!