Documents Required: Following the initial screening questions, we will require a copy of recent tri-merge credit report (use link below), personal financial statement, proof of funds/ last six months of bank statements, profit & loss statement for the property, use of funds statement, exit strategy, copy of MLS listing (if applicable), existing mortgage documents, any local comps, appraisal, or BPO that can be provided, collateral disclosure, copy of leasing agreements (if applicable), contact information or property insurance company, copy of declaration page for property insurance, copy of driver’s license, contact information for any existing lien holders so we can order payoffs, and digital pictures of the property (interior, exterior, neighborhood), and last three years of person/business tax returns.

House was built in 1925 per the disclosures.

When someone uses the phrase "As is" it does make me look a lot more closely at the disclosures.

If your state is a disclosure state it’ll have the owners listed under the llc

The lien instrument (deed of trust or mortgage depending on state) will be recorded, and the original promissory note and any other disclosures will be sent to the lender, and once the lien instrument is recorded the lender will also be sent the original. 

I'm not sure of the specific laws with your state but as an agent in MA, I also typically put it as a disclosure that the property is going to be part of a 1031 exchange so the buyers know they might need to sign some documents.Hope that helps.

Almost missed several deadlines and almost submitted closing disclosures that were done improperly and would have cost me 10's of thousands in taxes because they put everything (assuring meeting deadlines, and calculating all the correct numbers on the disclosures) on me.

We received a Seller's Disclosure, dated July 28th, and the seller marked "No" for the question "Are you aware of any proposed or existing association assessment(s)?"

They must provide all disclosures from the prior owner of the property.They must provide the results of any code inspections.If the turnkey does not provide/allow for all of the above, either find a different turnkey vendor that does or make a direct purchase instead.Turnkey Purchase Convenience CostTurnkey properties are almost always more expensive than direct purchases.

The seller knew of the problems but he is not required to disclosure.