Texas is a non-disclosure state.

The previous owners did a do-it-yourself remodel which had tons of red flags if I had taken the time to cross-reference the sellers disclosure with the inspection report, but at that time the market was hot and I had to move fast.

if the wholesalers actually follow the law and make those disclosures and the sellers are not completely devoid of real estate knowledge those who wish to wholesale are going to spend a bunch of money only to lose the deals in the 11th hour. 

Banks sell those properties with zero disclosures and NO VIEWINGS!

But full disclosure, I've done it myself many times too. 

Quote from @Chris Seveney: Disclosure: Yes I am a private lender but we do not provide this type of financing so I wanted to #ASKI have a client who has around $5M in real estate that has properties in GA, FL, NV and texas.

Additionally, you should request a Real Property Disclosure (RPD) and a Lead-Based Paint (LBP) disclosure from the seller.

If you’re not a NAR member - for example a commercial broker - you’re not subject to NAR rules.That being said, what you post is more important than the disclosure.  

JayI do not think they were stealing money (but full disclosure the sponsor was disbarred in the past and if you read it, not sure its someone I would want to invest with).

should allow you to save for your second deal fairly quickly.Full disclosure: I run a turnkey operation based out of Birmingham, AL—happy to point you in the right direction and answer any questions that come up!