Hi Eric,My advice is this...Deal honestly and ethically with everyone you encounter, even if they aren't doing the same for you.

if your buyer defaults, you still have a legal duty to pay the original sellers mortgage..is this a legal or ethical point?

Here's that thread:http://www.biggerpockets.com/forums/51/topics/64150-installment-sale-tax-treatment-questionGood luck figuring out how this works from that thread.

Additionally, check into the ethics section of your state real estate license board to see if you are required to disclose that you are a licensed real estate agent.I also agree with the other posts that it is better to use the board's PA.

I have held the property at times in order to qualify for long term capital gains treatment, that would be hard to do if I was paying hard money rates.

No offense taken....But let me add a few points:A Realtor is a member of the National Association of Realtors, which adheres to a detailed Code of Ethics.

You are renting.The capital gains treatment applies after you own the asset for 1 year.THough you could reduce your tax bill if you held title long enough to fit the capital gains tax treatment rules it might not be the best investment decision.

In the past six years, I have rented, rehabbed, and/or leased over 25 properties all across the US.My main objective of branching out to this forum is to gain knowledge and network with ethical real estate investors.Thanks for your time!

Paragraph C-59 of the HAR Standard Purchase Contract (formerly the DROA) is an OPTIONAL, yet detailed, provision concerning Termite Inspection and treatments.Your Lender will likely require inspection and treatment (of any live infestation), and IMHO, rightfully so, given the voracious appetite the little buggahs have around here...

Does that seem like an ethical way to do business?