Also full disclosure...this is my first investment property ever so it would have been stressful enough even with a licensed agent and something off the MLS.

Also I would read your closing disclosure to see if he is already charging points that your unaware of!

Disclosure is key in any situation but you have more to lose as a agent and have to be extra careful.

In PA a new law passed that sellers now have to add items from the most recent inspection, should a sale not go through, in the disclosure.

Hey @Tommy HarperFull disclosure: I work for Carrot.

For full disclosure, they've been working together with Azibo in building our rental accounting software.

He mentioned the non disclosure contract for us to sign.  

For full and complete disclosure/transparency, I do work for Avail, so I'm limited in what I can say here as I don't want to be seen as self-promoting via the thread; having said that, I did want to provide information on what our screening entails - you can request that an app includes credit score, credit history, eviction history, nationwide criminal background check, and nationwide sex-offender check; this is in addition to the basics that are requested of the renter profile (ie. income - 2 most recent paystubs / proof of employment, a bit about their employment history, and reference checks from their prior landlord).

You will have insurance requirements, disclosures, must understand how to read a preliminary title report, do your own comps or read an appraisal, and specify your written requirements as a lender to escrow, title, or your closing attorney (as customary in your state) to protect your interests.None of this is even remotely difficult to learn, but it is a process and can be intimidating for the first few loans.

Hi Jake - Disclosure, I am not a lawyer, and suggest you research this yourself.This should need be taken as legal advice.I’ve worked with quite a few RE owners, and if you are the sole owner of the LLC I find legal zoom to be useless.