We do require an investment disclosure to be completed and remain on file to ensure appropriate net worth and sufficient income levels before we discuss specific projects with our "qualified investors."

., net worth, income, or business savvy), whether you need to provide a disclosure document describing the risks (i.e.,  a Private Placement Memorandum), and  and whether you can advertise (i.e., crowdfund), among other things. 

The catch though is the seller said in the disclosures that all work done on the house was done with permits.

Full disclosure, I am also looking for my first facility so I hope you get better answers to your question from others with more (any) experience.

Many thanksOne of the questions on the state disclosure/disclaimer form is if any of the work is unpermitted.

And Phila has lead disclosures above and beyond what the Federal disclosures are, so go read up on that. 

Double check sellers disclosures to ensure the leases match.

Full disclosure, I'm not receiving any kickbacks from any of these companies. 

[Full Disclosure: I am an authorized Corelogic reseller] I chose a Corelogic product for the reasons above, and because they also happen to be the backend of 90% of the Nation's MLS system.

Even when you "paper them up" with all the disclosures in the world.