Disclosure is a simple and plain statement on the truth on your business operations.

I currently concentrate on Rentals but am thinking again of getting into wholesaling for capital.The issue I ran into last year when looking into it was with the new Michigan laws as well as title companies not allowing double closings unless the full purchase price is brought to the table by me first as the wholesaler.I understand and somewhat agree with the new laws in regards to disclosure with the home owner and the intentions of a wholesaler.

A judge can compel disclosure without doing that.

(disclosure - I work with oncarrot.com helping investors generate leads)

We were going to have it off of one tenants panel and had the paperwork with all the disclosures.

In this way they collect a commission for themselves and cash out their equity.Many different ways to do things as long as full disclosure is given.

Full disclosure, all cities have them problems, and I've invested in four major cities, but Detroit seems to be at the top end of problem cities (crime, employment issues, tenants who know how to work the judicial system, bad property managers, etc., etc.).  

For next year, since Texas is a non-disclosure state, the appraisal district may or may not know what you pay for the propertyKeep in mind in Texas your tax appraised value has ZERO to do with what your property is actually worth. 

Currently we are having a difficult time obtaining all the disclosure forms from the HOA and after further looking into the issue we discovered that the HOA although is “operational” in terms of collecting the condo fees, cleaning the common areas, etc.they are not following all the legal formality of a HOA in regards of being incorporated, filling all the paperwork with the state.

But my client (who happens to also be my cousin in the interest of full disclosure) is going to be talking to people who have done it - not people I know personally as I don't think I know anyone who has done it.