If I can (Legally, Morally, and Ethically) profit while helping people stay in their homes, or helping them get a fresh start, I will do my best to be active in this area.  

To me it is not worth risking reputation, morals, etc. simply to get a deal.

Keep in mind things can happen, for example the value of the house could change in the meantime, messing with that ratio.Also, with an FHA loan the mortgage insurance is more expensive, and if I remember correctly it's FIVE years before you can apply to have it taken off.The moral of the story is just put down 20%.

While legal, such a law flirts with the morality and helping others.

From a moral point of view I am glad we gave her every option to escape the situation that we could (which it sounds like you are willing to do as well). 

So the moral of the story is with one hard credit hit I got two vehicles financed at low interest 10k of additional credit and took 5k worth of debt at 25% interest and got it down to 3.5% and 0%.

I get you @Jay Hinrichs and agree all profit is not good profit if it makes you question the morality behind it being made.

So moral of the story is be prepared at all times, you never know what you might need until you need it

Remember that this is a people business and we are solving their real estate related needs in an ethical, moral and legal fashion (yes, that last little bit stems from M.Q. but that is how I live too) and you can potentially do well.

Moral of the story, there is much more than simply looking a property up on line, making sure it didn't trade at a tax sale and having an idea of whether the property taxes are current.  2.