@Kori Bundi  If you are buying with FHA (not including 203K), USDA or VA lending, there are VERY strict requirements regarding condition. 

We are located in Weehawken very close to the Lincoln tunnel near a transportation hub where about 15 bus lines converge before heading to port authority so I never wait more than 5 minutes for a bus.We have put in a lot of effort making the building beautiful by restoring details such as pocket doors, stained glass Windows and tin ceilings so my cap improvements have been more than a strict investor would spend but I see it as my home primarily with an investment as a side gig.

But in a strict sense you are absolutely correct.

So, contractually, strictly speaking, they did their duty I suppose. 

It is pretty strict, but we've had 2+ years of experience managing a property for another owner in the area.

We're strictly talking about cash flow here too. 

Buy and hold investing (a lot of bases are in high cost areas so people tend to invest out of state)If you decide to go with the VA House-Hack (buying a multi-family property 0 down and living in one of the units) you'll be able to qualify for a higher loan with lower credit than if you buy a property strictly as an investment. 

I explain that it's a strict company policy which I always adhere to without exception, and that all they have to do to halt the process is pay at the agreed upon date/comply with their lease.

To minimize having to rent to an unworthy tenant, having a strict criteria in writing could save you tons of legal headaches. 

The Order does not prevent you from being evicted for(1) engaging in criminal activity while on the premises;(2) threatening the health or safety of other residents;(3) damaging or posing an immediate and significant risk of damage to property;(4) violating any applicable building code, health ordinance, or similar regulation relating to health and safety; or5(5) violating any other contractual obligation of a tenant’s lease, other than the timely paymentof rent or similar housing-related payment (including nonpayment or late payment of anyfees, penalties, or interest)This CDC law only applies if there is not a more strict state or local law preventing evictions.