Our “moral code” is different than yours because yours has a strict guideline dictated by law.I’m pretty sure I said “be honest” in the beginning so not sure how you got “screw people over” out of that.And No, wholesalers don’t need any EMD in most cases.

@Minji KimRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which is VERY important for stable rental income and low property maintenance/damage.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

You're asking the wrong questions.Your financial analysis of the opportunity should dictate how much you offer, and nothing else!

In fact there are banks that excel at different types of real estate lending and that should dictate where even your real estate funding finds a home.  

The one who owns the house will normally dictate who will report the activity on their return.

@Hugo Alves - Just to clarify, SEC 8 approves the rent amount and dictates what portion will be paid by HUD and how much the tenant will pay.  

Your market dynamics will dictate what pricing should be regardless of what they are now.

This shows you're open to improvement but won’t let a picky guest's minor grievances dictate the narrative.Avoid Emotion: Keep the tone neutral and professional.

I look at our sub base and depending on the trade will dictate nationality. 

Do not let the world's chaos dictate when you should start your investment journey.