Hi Dan,When all this stuff about title knew this and buyer knew that because you explained it then the MILLIION dollar question is:Do you have these disclosures IN WRITING signed by the appropriate parties absolving you of any liability prior to closing??

Seller acknowledges and agrees that in reference to the physical condition of the Property, Seller agrees to: (a) disclose in writing to Buyer defects in the Property known to Seller that materially affect the value of the Property that cannot be discovered by a reasonable inspection by an ordinary prudent Buyer; (b) carefully review, complete, and provide to Buyer a written Seller property condition disclosure as stated in Section 7(a); (c) deliver the Property to Buyer in substantially the same general condition as it was on the date of Acceptance, as defined in Section 23, ordinary wear and tear excepted; (d) deliver the Property to Buyer in broom-clean condition and free of debris and personal belongings; and (e) repair any Seller or tenant moving-related damage to the Property at Seller's expense.

In order to wholesale with a license the most important thing is to ensure the seller and buyer sign the proper disclosure forms notifying them that their unrepresented ie. you’re not representing them in the role of their agent.I do agree getting your license presents more opportunities however their are fees as a licensee you have to pay (mls access subscription, E&O insurance, transaction fees to broker) just keep this in mind.Lastly, some brokers frown upon wholesaling with a license so make sure the broker you hang your license with is ok with. 

What is the best non-disclosure agreement ?  

Disclosure: I understand that none of the responses are any form of legal advice.State: WashingtonShould the wholesaling fee that I receive be reported to my brokerage?

I am aware of other rents in the area that are $8,000-$10,000/month (full disclosure; I need to gain more information on the rental market).

Between brokerage restrictions, state laws, mandatory disclosures, etc it can really be a disadvantage.

This is part of the Virginia AICUZ disclosure when purchasing a property.

In addition, in the past 100 days, banks are getting a lot tougher on investment property lending.You could call the listing agent and ask, but you'd probably get more out of eyeballing it with a drive-by and comparing it to comps.In sum, I guess I'd be aware, but I wouldn't let it cloud me from looking at it as an investment for returns - AND I'd get a full list of disclosures signed by seller and go thru it.

Things like the buyer is responsible for Certificate of Occupancy, No sellers disclosure available, The buyer is responsible for U&O's, shouldn't the property have a C/O already?