My #1 piece of advice is: "It's all about the price you pay for it" and the moral of that being BE PATIENT.

To quote a well known REI personage, what we're doing is "moral, ethical and legal."

you aren't the moral police, or the regular police.. you're a landlord.      

Is it wrong morally to rent to the newest person when the first person could have rented if I had posted the notice and had a police assisted entry.  

My personal moral compass is guided in this exact order: God, family, work, fun.My apologies for the length of my post.

Moral of the story, if a judgment is executed against you, assets can be taken regardless of their location.

@Martin Morales, A 1031 is a sale of any kind of investment property with the proceeds used to purchase new investment property of any type.  

Morally, he at least owes his "friend" a phone call and explanation.

So the moral of the story is to find out which part is more important to you, cashflow, location, etc. then try and find something that is close to your needs.

U.S. marshals and a swat team later the problem was taken care of.The owners of the property were very quick and thorough in renovating the unit that was running the illegal meth lab which cost them in the ball park of 40k.The moral dilemma im getting to here is that after the renovations nothing was mentioned to the surrounding unit tenants that live in the building.