It made finding deals that could hit that number really tough - even during the boost - but it was still doable.And once I completed that next one, it really started to take the mystery out of investing and, with that financing, it really had me hooked to where I bumped my goal to 3 a year. 

If you plan to do this with occupied properties as a business model you may want to check your moral compass!

Those a strong moral compass, high integrity and willingness to strive for a win / win outcome are the ones who usually stay in the game. 

Would be a waste not to rent it, not to mention, even $500/month in rent would be a huge boost to NOI.I called the City of Reading building department.

Consumers love it because gas is cheap and they spend money elsewhere on businesses boosting certain segments of the economy.When gas is 60 to 90 a barrel is typically the sweet spot where there is enough profit for oil companies to keep balance sheets fairly healthy with some profit and consumers pay a certain price per gallon that is not what they would desire but are still comfortable with.Above 90 a barrel the oil companies tend to do very well but the price per gallon of gas rises heavily and economies across the U.S. can be affected greatly.

Borrower was working from moral high ground and wouldn't negotiate. 

Do any of you with high opinion of moral authority want to get into the business of telling who can be in a relationship with whom?  

The moral of the story is that there is plenty of money to be made in all areas of real estate investing but the buyer beware!!

Morally, I would only intend to tie up the property if I thought I had a legitimate chance of finding someone to close on it.

While I agree with Norm's points, for me, being a LL is less a moral responsibility and more one of mitigating risk.