Moral of the story, there are justifications for selling a defaulted note for 100% of the balance.  

Moral of the story, start the eviction process.

Or maybe someone from New York will think that 400k is cheap because apartments back home are $1mil.It is stupid, but for some people who have no morals, it works.

It's a moral conundrum because by not telling them they can hold the fact that we withheld information over us and catch us in a lie, but if we do, my greatest fear is that we will be taken as "showing off"/ pride being the greatest of the deadliest sins  and/or authorizing more spending foolishness.

Once people become successful, there should be a moral percentage that they should give back.

I've lost some money in the past when the deal did not close...But as Sam says - yes, the float to get things off the ground is personal money.This is one area where there is a fair amount of moral hazard.

I am having a moral dilemma and just want to hear from some people.

But the moral of the story is: review the POS prior to purchasing, or at least have a contingency for the review of the POS prior to finalizing your contract! 

First, let me say wholesalers are in business because there is a demand for wholesalers, and they are  unwanted houses, so  with that--  I think it's good for the economy.I think it's because there is no regulation, no standards, no moral grounds, if anyone can be a wholesaler..  

I want to learn to do things the correct way (legally, morally, and ethically).