This and other ethically dubious behavior shouldn’t be surprising though since there is no license to become a wholesaler and most wholesalers learn about it through a guru or YouTube personality who says it’s super easy and you can do it with no money.

With that said, I’ve found that whatever the product or service that human behavior doesn’t change that dramatically.

We could get involved in a philosophical debate about human behavior and ask why there are bad people in every profession, but wholesalers who purchase a property at a price that makes sense for them and one that they can make a profit is neither unethical nor illegal.   

In short, I did not ever "equity strip" a homeowner, I did not ever lie to the seller, misrepresent myself, or any other immoral behavior often promoted by the gurus who teach "wholesaling".

This was a conscious decision based on poor behavior of other members. 

Does there have to a situation where the landlord does not have insurance, or a serious case of neglect or reckless behavior for properties to be taken?