Some people buyers/sellers have biased against lawyers so one I disclose which I have to do they just walk away.

ISpeed did not disclose this was a condo, nor did they even disclose the unit #.

While disclosing this upfront to the seller eliminates possible fraud, it solidifies the authorities position that the wholesaler is brokering without a license.While some wholesalers are becoming licensed, it’s my opinion that this could lead to some serious legal ramifications as licensed brokers are not supposed to use their superior knowledge to take advantage of a less knowledgeable seller, i.e. they are supposed to fully disclose relevant information to the seller.  

Put it on the market at an appropriate price and disclose what you know. 

I cant imagine a situation where you would be in trouble over asbestos in the joint compound only(because it is sealed), except when you go to sell (disclose to buyer) or take on a big remodel (tearing out walls).I think it is reasonable to include the cost of remediation by a professional company (shockingly expensive to do by the book) in your negotiations on price, as the next buyer will likely do it to you.

If it does come back positive and you do notbproperly remove it or disclose it, you are liable.

Once removed and the hazard abated, there is no need to disclose to future tenants. 

As a wholesaler on this transaction, I am trying to support my buyer's contention that the seller did not adequately disclose all the issues with respect to the condition of the property which include possible reliance upon an inadequate asbestos report, issues with tenants refusing to vacate, etc. but at the same time know that he executed an as-is contract.

That is why most owners/companies don't seem to bother with application fees in the Madison, WI market as it's not worth the hassle of collecting it and refunding it (it's been very competitive with often multiple applications, so would be mailing checks back much of the time.I think this section covers it and appears like LL could retain it if tenant approved and then decides not to sign the lease, but LL has a list of caveats to disclose up front about lease terms, etc. 

You do have to disclose as @Cody L. and the owner may not let you do it.