Cost is $40k.I can't help but think there is liability on the company for selling a property and not disclosing this.

We're disclosing the realities of this business, and many of those realities are just not pretty.

This is cause for concern as there is liability you as the landlord hold if you fail to disclose the meter is connected to the tenants unit.

What you need to understand is that you'll have to disclose two things in your offering document:1.

Some states have gone beyond this and now require certain procedures and discloses be made in any wholesale transaction.  

As long as the money borrowed is used to purchase the property, the lender is forbidden from obtaining a default judgment for any losses.As for dealing with the previous seller Patrick, if you disclose your intent to keep the loan in their name for an unlimited period of time, there's really nothing they can do.

Some renters are not okay with this aspect and will overlook your property once you disclose this information.

The challenges we run into is trusting the realtor and the realtor's inspector to fully disclose all the problems with the property...to basically be our eyes and ears.

It won't for all locations based on what Rentometer discloses.  

A borrower, opposing counsel, adversary in any manner is only required to disclose what they are required to disclose.