We reviewed everything prior to purchase so we had no concerns.

Make sure the deposits are transferred and not deducted from purchase price, otherwise you will need to come out of pocket when tenants move out.You should also make tenants and landlord sign an estoppel agreement, which outlines important items and agreed to, so the tenant cannot claim to have a huge deposit later or claim that the prior owner gave him ownership of the shed in the backyard.

I did a lot of research prior to moving forward with purchasing a home at the auction, but there was still some information that I was not aware of after I purchased the home.

That being said, is there any legal requirement to disclose there was a fire with a prior owner at some point? 

Hello @Gp G. we usually just add a mold disclosure, giving tenants information about it and indicating that prior tenant's move in that there are no mold/s in the unit. 

The only requirement was that the seller obtained an U&O prior to the closing.

We actually looked at the house a year prior to buying.

Prior Participation Test: The individual materially participated in the activity for any five taxable years (whether or not consecutive) during the ten taxable years that immediately precede the taxable year.6.

I just got dropped for no reason, no prior claims, no nothing.

Do you have any landlord experience prior?