So the moral of the story to me is the interest rates are going to really hose everyone if they spike too fast.

You are hopelessly confused between trying to buy the asset versus trying to buy equity at a discount.Banks and other secured lenders can do whatever is legal, within their charter and what they believe to be in their stockholders', servicing clients' managers' best interest.Lenders gave no moral or contractual obligation to protect the borrower's property.

Yet somehow that state is paying all their bills.I guess the moral of the story there is to move and/or invest in Indiana. :-)

I have explored creating a non-profit to assist with tax abatements and consumption of grants but found that I would have to convene a board of directors composed of 3 members and not stand to gain personal profits.

But really, if I hadn't been learning about real estate, talking about real estate, and saving up to buy real estate, there wouldn't have been a deal.The moral of the story: Let people know that you're looking for a deal.

The moral of the story is things can and often times do turn around.

Investor wise, this would make the most sense but ethically/morally it would be a deal breaker for me.  

Moral of that story- get fixed loans.

Morally, I think it's unacceptable to change the price after someone has already applied.

Moral of the story is, if it sounds too good to be true.....well you know the rest.