Property owner will not disclose

[Sean Rhodes]

I am currently living in Portland, OR. And I am in putting offers in On multi family properties in Louisiana. So I have been negotiating on a duplex for 50k and I finally agree to pay 50k and so I ask them about the disclosure for the property. And they send me a disclosure exemption legal document. And what it says is that the owner inherited the property from a family member so he DOES NOT have to give a disclosure. So I am super new to all this and my question is basically should I run the other way? Is this legal? Ummmmm is there another way to make them give me the disclosure? Thanks again BP!!!

[Jon Holdman]

Its not unusually to not have a disclosure for rental properties.  Or, if you do get one, it won't have much info.  The seller doesn't live there and doesn't know the property like a homeowner selling their residence would.  Go have a look and hire your own inspector if you're not comfortable evaluating the condition yourself.