In fact, I would even argue that it was their lack of operational knowledge that got them in the predicament in the first place.*** You can follow more of my thoughts here:)

Quote from @Mario Morales: Here's my situation: I accumulated credit card debt to finance my last property rehab, which is now rented and generating income.

Cheers mate,I've said it so many times before.Who is not happy from within, will never be happy with anything or anyone else.Many unhappy folks look for a victim, be it in their personal life or a business.Like a drug to an addict.They thrive on drama, disputes, problems, arguments, etc...Simplicity, common sense, higher moral thinking aren't an option.Procrastination, fear, complexity, disagreement, doubt, jealousy, greed, etc... is what drives most of their psyche.I've had thousands of investor calls over the years and can literally predict exactly what to expect based on demographic, culture, nationality, age, etc... and by listening to the questions.But sometimes, I read it wrong like in this instance. 

So the moral of the story is, it depends!

I feel chasing a tenant is similar to a moral victory.

“Hero stuff”… sure but only because I’m doing what I’m doing for my family.2) Integrity and morality years ago… I made a killing… I made great money flipping paper, houses and doing sub-to deals.But after the dust settled I started questioning my financial success……  at the cost of others … for whom maybe after I made a lot more that I expected on a property, I could have sent some of those families a thank you ($$$).I didn’t.More recently I met with a lady who wanted to sell her mobile home and land … it was rough…She wanted.

As a repeat lender, you would need to be careful to avoid being in the business of lending - in that scenario, your interest income would be considered trade or business income and you'd be in the same predicament as you'd be in with the equity position in the flips.

Telling people they can buy with no $ using "creative financing" and do wholesaling  well you could have a legal moral wholesaling chapter ( I know those are oxymorons) U could also have a how to SUB to correctly with a Lawyer who can explain the rights the lenders have under the security documents.

He who has the gold makes the rules.CREATIVE DEALS:  They are all structured differently AND the only thing that needs to happen is morally, legally, and ethical agreement between both parties by contract. 

Quote from @Jose Morales: I’m on the verge of closing my first rental property (90k) in Ohio.