@Sami Gren I don't remember the brand it may have been trafficmaster but like I said it was 5 years ago, they had a paper backing that you pulled off to reveal the adhesive. 

In selling property they own, or in which they have any interest, REALTORS® shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative.

@Kareem Aaron not from your area, but all of the research that I completed reveals there is no statute on prepaid rent.

A few days later I spoke with property manager who revealed BOTH properties had leaky roofs and water damage, yet sellers disclosed this on only one property. 

I would later find out that owner charged tenants around 180-250 dollars/mo for utility cost since old building and he paid for gas, water , electricity and he didnt reveal that he was really charging tenants 995mo rent and had separate utility charge that made it look like the tenant was paying all 1200/ mo in rent I Had no idea regarding his true expenses and cap rates but realized that cap rate was about 5.5%Also found out that there was a small studio in basement that could easily rent for about 550/mo and he did that to some degree in past two years Anyway once I made offer without all the numbers I came to find out there were multiple offers already made.

In selling property they own, or in which they have any interest, REALTORS® shall reveal their ownership or interest in writing to the purchaser or the purchaser’s representative.

Sometimes they will reveal this max bid, and other times they won't.

Once these properties hit the MLS there tends to be a bit of a feeding frenzy.Either way can work but if you make the right contacts in these areas they can let you know when something good turns up before it's revealed to the general public.

Let's say the property you are buying has a 600K purchase price and the report revealed damages of 100K.

The stance on this varies from Dave Ramsey- pay cash for everything - to a debt to your eyeballs, refi and strip all equity possible no matter what, forever.I wish people that weigh on on this had to reveal where they are.