Having been a Realtor in good standing let me add my two cents.1) As previously mentioned by Dave very little education requirments.2) I think it is a matter of ethics many people (not just Realtors) are lacking in this area.3) A lack of vision when dealing with investors (multipal deals)4) Instant gradification with a closing.5) A mentality that they will kill a deal rather than drop their comm.

Now a new record has been created and a old record of 7 gold for a single individual is broken by spitz well the spirit and the practice is really appreciatingsambrownNebraska Drug Treatment

Ethically speaking, you must make the payments on time.

I can't build the graphic in this box because I don't have drawing tools but think of a golden triangle ( no jokes you hippies and other Thailand tourists) The base is ETHICS one side is $$ and the other side is LAW.

The IRS has a publication on treatment for rentals.

I struggle with it, and am constantly looking for ethical ways around it.

Also, your CD analogy doesn't consider appreciation and tax treatment.

It's in an area of owner occupieds, and would still get that kind of treatment: not upper quality, but a standard homeowner quality. thanks for your responses. ofgift

I've had clients do this before... its technically not very ethical because thats kind of the definition of bait and switch...although if you never respond to them at all I guess its really no harm done.

Everyone cries "lack of ethics" and "lack of morals", etc, etc...