It also specifies that any repair necessitated by tenant negligence (like a shower handle broken from misuse) is the tenant's financial responsibility.

A contract for deed THEORETICALLY works differently, in that since the warranty deed is NOT recorded there’s no need for formal foreclosure - but in the last 20 years various states have passed laws and or regulations providing contract buyers with greater protections that may necessitate foreclosure or “foreclosure like” proceeding in order to gain “ownership”.  

Environmental factors, such as flooding vulnerabilities, necessitate investments in resilient properties, adding to upfront costs.

Motels rarely meet these without modification.7.

I doubt that every single little repair ever made like replacing the faucets, etc. needs to be disclosed, I imagine this is limited to material repairs like major plumbing issues, structural issues, major modifications without a permit etc. 

Two key terms often misunderstood are Reasonable Accommodations and Reasonable Modifications.

There are many moving parts from local laws, construction modifications and likely higher risk of liability if nothing else based on increasing the traffic with staff, medically fragile patients and family members. 

It necessitates real deep pockets or teaming together for the costs.  

@Bobby Andrews - The appraisal took weeks and was sent back for modifications / corrections twice by the lender, but I eventually got my target valuation without having to do any sort of dispute.

Also, you have to have written into the Option and into the Lease that the seller will allow you or your assigns to make modifications to the property and what happens if those modifications are not completed or faulty.