People who sit around waiting for another raise, and when they get it, they start dreaming of what they can buy (literally ran a study the day after raises were announced and you would be amazed how many monitors had new cars, new houses, new purses, new computers, new toys on them...everyone wanted to blow the money they just got before even recieveing it)Everyone has a different "financial problem" although the problem is simple, they all spend too much money on un needed stuffAll of these people are Destined to be W-2 workers the rest of their lives, because they car they drive is a direct necessity to their overall imageThe moral of the (probably poorly told) story is, if you want to be an investor, then you have to think like one.

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.

Hey Everyone,I am buying my first rental property soon (closing 1/30) and have a strange predicament.

@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.