Give a copy to every tenant when they move in and have them sign a form for "Disclosure of Information on Mold and Moisture Hazards" that shows you gave them this booklet.

(For full disclosure: there're some rare scenarios where creating an LLC could make a difference on taxes.

You need to give the buyer a lot more than that to do a LO for more than 180 daysIn addition to the lien info you must provide:-Copy of Survey-All the property insurance info-Seller's Disclosure-Tax Cert-Copy of any restrictions and covenants as well as HOA if appl-Annual accounting and proof property taxes are paid-Amortization scheduleI think I missed some others

Doing a sub to requires a ton of paperwork with many disclosures to do safely, so those programs sell the system of paperwork needed to get the job done.

With the disclosure, people can more properly evaluate your advice (is he trying to sell, or does this sound legit?)

In the US to help the consumer make sense of the fees and the impact on the cost of borrower we have Regulation Z which has rules around the proper easy to understand disclosure of the cost of a loan which are illustrated in the Truth In Lending Act (TILA).

Also, be sure to have your tenants sign the all-important Mold Disclosure and Lead Based Paint Disclosure; even if these are not required by State law, they can save you a world of trouble.

All along I asked Chris to provide details of the loan.Look up RESPA and you will see that once the application is completed, the lender has 3 days to provide full disclosure of the loan.

RESPA requires that borrowers receive disclosures at various times.

Also if the house was built pre 1978 you need to do a lead disclosure form.