If the property is listed with a realtor on mls, it would not be too ethical to go behind the listing agents back.

Also - regardless of the ethical dilemma, I'd simply prefer not to get insurance from a low-income subsidy from a practical standpoint.

They seem to have an edge as they get all the heads up and probate stuff (questioning the morals/ethics... but those professions seem to be exempt from morals anyway) but I am working on this niche for sure.

About the ethics question.  

So if you can get someone to pay $425k in this scenario then you get a $25k fee at closing.As for the proof of funds, as an ethical wholesaler you should be prepared to close on this house if you cannot find a buyer.

When I am older and unable or unwilling to actively search for deals, I will get one or two people that have the same work ethic as me and give them a wholesale fee greater than what they would likely get from another investor. 

No matter what I have to respect his growth and work ethic even if I don’t agree with everything.

The best way to keep the government out of our business is to practice ethical behavior even when no one is looking.My rule of thumb for ethical decisions has been would I be willing to share this with my wife, children and spiritual advisor?

As an incentive, he offers to give Bill 15% of net gains from rehab in return for handing over the deeds.Is there anything ethically or legally wrong with this?

Honestly speaking, your monthly income is dictated by your work ethic.