Is this even legal?

[Varma Adduri]

Hi, I am looking at buying a beaten up house for cash to fix it up. I have mortgage on 3 houses and HELOC on one for them. So getting a new conventional loan is doubtful. With the house I was referring to, let's say my purchase price + rehab = 190k and the ARV is 230k. Can I sell it to my wife (she has a different last name with no loans in her name) and get a loan for 230k so that I can take my money out + profit for my next deal. Is it legal to sell it to my wife just to get the loan? I can do BRRRR but I assume I have to show 9 months rent to get refinancing. Please advise