Heres where I'm at right now, the two properties are in downtown Louisville (I don't want to disclose addresses or source due to the deal still being active).

The downside is you have to disclose, you will carry more liability as an agent because you're supposed to go about business morally, ethically, and legally.

I just briefed the law but in California if a tenant dies in a rental unit you must disclose to the prospective tenant that the previous tenant died and manner of death for 3 years from the previous tenant's death.I don't know about you but I will pay for someone like this to relocate as with this law it could have a serious impact on the ability to rent and ability to cover extended expenses until a tenant is found who is willing to rent a dead guy's apartment.Reference "California Civil Code Section 1710.2"

Sounds like you have a second mortgage as a wrap or Sub-To, don't know, but if it is owner occupied they should have been given an estimate of escrows required at settlement, such being disclosed when making the note. 

Disclose that you have a license, but let that change your goal.

Is that something that the seller would be required to disclose, even if the house is sold 'as is'? 

Just disclose that you are licensed when you are doing transactions and find a broker that is open to what you are trying to do.

I'm pretty sure I dont need to disclose why I didnt pick them.  

Am I still required to disclose my licensed status on postcards or other marketing material that I am sending out?

Disclose the situation and let them know they can't move in if you don't close.