You need a purchase & sale agreement, a title report, a Power of Attorney for authorization to talk to the lender, a payoff amounts, disclosures to the sellers, and escrow.3.

I would like a separate disclosure form for this and my broker I work under doesn't have one. 

Your state may have more stringent requirements, but everything you need to know on a federal level is here: https://www.epa.gov/lead/real-estate-disclosure

The property is located in NJ and the lease is 50% of market rate, zero security deposit with specific disclosures that property is subject to foreclosure (but does not explicitly say lease is automatically terminated at that point).

At minimum you have to give the same disclosure to tenants.

Full disclosure I did have a relationship with a company that was extremely helpful in teaching me about the US market and local knowledge however I only made a dollar if I found deals and found buyers.So what I did daily was:Drove at least 20 streets in a zip I liked.

All:As an investor in the student rental market for over 13 years, I have increasingly seen new investors purchasing student rental property without finding out what is and what isn't allowed in a college town (full disclosure: I was one of these when I bought my first student rental property).

However, I am not sure if such a disclosure is necessary since I did not close with broker 1 yet.Thanks again,

Weird people with their disclosures, indeed.

I simply know what is required for good mentoring and successfully doing lease options.Clearly there was a communication breakdown and the best way to resolve that is for Brian to contact you directly Disclosure: I don't mentor (any longer) I do sell Turnkeys - I don't know the parties involved