Now, IF we were to get into the world of a subject-to acquisition, the occasional ethical buyer might look like this:- Extremely well-capitalized.

These are professionals with additional training and a stricter code of ethics.

The ethically correct thing to do would have been for Kirt to communicate to us during our initial consultation that we were not a good fit for the program given that we were already too advanced.

To the guy who stated “especially heroin those guys are as good as dead... and we deal with this in the hood all the time“ etc etc....I work in the substance abuse and mental heath treatment field.

Or maybe they don’t have great work ethics 🤷🏽‍♀️  I’m literally doing everything they tell me the same day we speak.

However, I am a fan of ethical wholesaling.

Account Closed Some might view wholesaling as ethically problematic because the wholesaler doesn't have a duty to anyone but himself and is thus incentivized to make the worst possible deal for both the seller and the buyer in every transaction.

With that treatment, you may receive a step up in basis for one-half of the property when a spouse dies.

I have a lot of confidence that if I was starting today with same passion and work ethic that I had a 20 years ago, I could hit same level of success as I achieved.  

The losses could be used against other sources of passive income and that is it.If it is a standard self storage model, and thus treated as rental income, then in order to get anything other than passive treatment you would needs REPS status.