Moral of the story, if the investment property is rented out, you are in fact carrying two full mortgage obligations (new loan applying for and existing investment loan) one loan is offset by the renter in place.  

Morale/justice at the expense of your valuable time and mental peace of mind? 

My motto is always help where I can and be legal, moral, and ethical in all I do. 

Poughkeepsie doesn't have grounds for not acceptting fair or even slightly low offers; it's a tough town, though the quality of the housing stock is quite good, there's a lack of jobs, there's a lack of people, there's a lack of morale, there's a lack of money.

He's teaching people with limited moral character that it's ok not to pay your bills.

This is already too long, point is, some people have moral obligations in life, to see that the right thing is done.

You've also got experience renting, so it's not like you're new to this world.The advantage you have over other people is that you already understand the criteria for your investment.To summarize your criteria:Investment should be self contained, not requiring money earned from labor wagesInvestment should be profitable in 10+ yearsOn a scale of passive to full time job, @Ty Kirkpatrick's advice on investing in the paper side of things is the most passive, "buy and hold" would be somewhere in the middle, and full fix and flip would be the most time consumptive.

Moral of the story:  the more oysters you open, the better the chance of finding a pearl.Good luck.

My goal units are largely determined by the velocity still measured more by the consumption therory by the shot glass or by the mug!

Steve Babiak- I've stated my opinion and will stand by it: Presented the right situation I think the majority of BPers and most people, on average, would commit the technically unethical acts I mentioned.It was not a comment directed solely towards BPers, rather a contention that the majority of people would not take the moral high ground presented the correct situation.Also, I appreciate that last line of advice you threw in there as some sort of revenge insult; or perhaps it reflects your own values and how you would view the situation in your own life.