It is a very interesting situation because a) tax issue b) moratorium on evictions c) morally how do you feel about moving someone out during this stressful time?

Moral:  the security deposit does not belong to the seller or to you--it belongs to the tenant and must be returned to the tenant with all tenant-created damages to the property itemized and deducted.

Hi @Robin Morales!  

But moral of the story don’t paint taxes with too broad of a stroke.

@Victor Morales I am not an attorney but my understanding of the law is that the bank had no right to hold the foreclosure auction.

HI @Xavier Morales, this is an intriguing question! 

In the end of the day I still had to learn how to import contacts into a CRM.The moral here is I could have saved time if I didn't try to take shortcuts.

Even if you didn’t get busted, it’s incredibly arrogant and inconsiderate of your neighbors for you to do this.Whatever happened to morals and ethics in this country?  

Not only from a business stand point but from a moral one as well? 

Benefit: It lowers the barrier of entry as a security deposit is no longer required and so enlarges the tenant pool.Drawback: There is a moral hazard here as the tenants care less about leaving the unit in good shape to get there deposit back.It is just a financial product and if it is priced right is should not result in the operator losing money.