The owner is obviously liable for NON-DISCLOSURE and either the seller's or your agent could be too. 

That is how we found out about the line without prior disclosure. 

Another strategy is to get written permission/authorization  from the Seller to allow you to contact his lender and to allow you full disclosure of any and all documents pertaining to the mortgage.

Going just of his Youtube page, I wouldn't say too well.Well all i can say if i knew of their troubles two years ago I suspect 100s others did .. and Morris knew as well as he was interviewing other PMs two years ago asking for help.. he just ducked his head and steamed full speed ahead .. this is just like shop lifting getting cuaght then saying Hey I will put it back.. sorry that dont work .. this is off the charts what has happened to people. its not like these were accredited investors reading a 100 page PPM with all the associated disclosures.. this was just market the sizzle and deliver nothing..

Having said that check the Ohio seller disclosure form, I think the question is if there's been flooding in the last 5 years...and potentially it hadn't flooded in that period of time but we have had major rain events over the past 5 years. 

(Disclosure: It's not my company either. 

The less they know about you the better.A sophisticated seller will ask you to sign an NDA (non disclosure agreement) before they will provide you with the details about the portfolio.

That is over kill (and will not work in a disclosure state anyway). 

Interest rates have gone up sharply this year, but still cheaper, faster, and easier than hard money for funding RE if you have assets to back it up.Full disclosure: I work as a financial advisor managing investments and helping set up things like this with clients.

Since you are flipping this, I would suggest determining what your state's seller disclosure regulations dictate about disclosure involving asbestos.