Once you test for lead, you will be mandated to disclose the results of that test, including to any tenants or future buyer of the property.

I have seen the list of jurisdictions under RITA expand.Also, look out for Ohio jurisdictions that have laws that mandate city oversight of your potential rehab, as well as ongoing registration and inspection of your rentals with the city - specifically ask agents you work with whether any of this may be the case with any property you are looking at when you work on your numbers.None of this is a big problem - just extra layers of government you need to deal with - as long as you know all the facts ahead of time.Good luck.

But when you have a wholesaler who says I am paying cash and puts up tiny EM and then walks when he cant find said buyer.. that's the problem and like you said lack of disclosure.So maybe what the states need to do is come out with a state mandated disclosure for contract flipping so the sellers are aware what's happening like you guys have already said our not their fiduciary your ONLY looking out for your best interests.. but you bring value you say somehow..

The odd thing about the NCREC is that the mandate a school must have a 70% pass rate yet many of the schools the approve fall short of that.  

There's not a state mandate, just what the lenders require.

Hi newdreamer,You don't need an attorney to set up an LLC, but if you need advice on whether or not forming an LLC is the best choice for you, or if you need special provisions in your organizational documents (provisions that deviate from those that state law mandates), you should consult with an attorney.Otherwise, you can do it on your own directly through the state or use a specialized document filing service like mycorp (mentioned above by Joseph) and save a lot of money compared to what an attorney would charge.

Also where I own a majority of my units the city has recently mandated backflow valves (fairly expensive installation) with yearly inspections (close to $50 per valve); who could have seen that one coming?. 

Now my state mandates another fee of $500 to the broker.

. - Do you ever purchase REOs with HomePath loans, and if so, do the listing agents mandate a buyer's agent?

He inspected it as though it was on permit, but did not mandate it being on the permit (example drywall, new electrical in places other than new bathroom, etc).