Has anyone done this and felt ethically, spiritually, and financially content at the end of the game?

@Blake Dailey aside from other and probably larger tactical and ethical problems problems (great point on the gains) for your loan you will have to sign that no other considerations have passed between you two, so you’d be lying

Even if you just want to wholesale, it wouldn't hurt to take the Real Estate courses, learn the basics, learn about all the rules and laws and ethics behind selling homes, etc.  

I am young, motivated and although I lack experience in the real estate industry I pride myself on my ability to learn quickly and my work ethic. let me know if you would be interested in some assistance for your real estate business, I'd love to get coffee and meet in person.Very excited to be on here and I look forward to connecting with some of you!!

issue is you have folks that are not licensed and are just running around with no supervision or ethics to follow and this is what you get rude crude behavior and extreme profiteering if they can get away with it. 

Is there a way to create an interest and foreclose outside of the tax liens (ethically)?

These are professionals with additional training and a stricter code of ethics.

This is way old, I know, but I was hoping to find a resolution as to the potential ethics (?)

The study material is primarily information dealing with FREC, legal situations, how to read metes and bounds and other forms of property identification systems, and ethics.

It's against the Realtor Code of Ethics and they can even lose access to the MLS.