In downtown Detroit, Dan Gilbert (Majority shareholder of Quicken Loans and the Cleveland Cavaliers) bought a large number of buildings, renovated them, and induced the owners of small companies in which he invested to locate in those buildings.

Keep in mind this is not a business plan, it's a large coffee-induced thought experiment:1.)

There are things such as fraudulent inducement, dealing in bad faith etc. that can come back to bite you if you had no intent of no ability to close the deal. 

@Akeen Felder In addition to @Russell Brazil's point regarding net listings, there's also the issue about "fraud in the inducement", meaning that you entered into a contract to purchase a property when you had neither the intent nor the ability to do so.Further, your state licensing laws may have something to say about whether you owe a fiduciary duty to the seller.  

(Effective September 30, 2018.)(1) A landlord may not, based on the source of income of an otherwise eligible prospective tenant or current tenant:(a) Refuse to lease or rent any real property to a prospective tenant or current tenant, unless the: (i) Prospective tenant's or current tenant's source of income is conditioned on the real property passing inspection; (ii) written estimate of the cost of improvements necessary to pass inspection is more than one thousand five hundred dollars; and (iii) landlord has not received moneys from the landlord mitigation program account to make the improvements;(b) Expel a prospective tenant or current tenant from any real property;(c) Make any distinction, discrimination, or restriction against a prospective tenant or current tenant in the price, terms, conditions, fees, or privileges relating to the rental, lease, or occupancy of real property or in the furnishing of any facilities or services in connection with the rental, lease, or occupancy of real property;(d) Attempt to discourage the rental or lease of any real property to a prospective tenant or current tenant;(e) Assist, induce, incite, or coerce another person to commit an act or engage in a practice that violates this section;(f) Coerce, intimidate, threaten, or interfere with any person in the exercise or enjoyment of, or on account of the person having exercised or enjoyed or having aided or encouraged any other person in the exercise or enjoyment of, any right granted or protected under this section;(g) Represent to a person that a dwelling unit is not available for inspection or rental when the dwelling unit in fact is available for inspection or rental; or(h) Otherwise make unavailable or deny a dwelling unit to a prospective tenant or current tenant that, but for his or her source of income, would be eligible to rent real property.(2) A landlord may not publish, circulate, issue, or display, or cause to be published, circulated, issued, or displayed, any communication, notice, advertisement, or sign of any kind relating to the rental or lease of real property that indicates a preference, limitation, or requirement based on any source of income.(3) If a landlord requires that a prospective tenant or current tenant have a certain threshold level of income, any source of income in the form of a rent voucher or subsidy must be subtracted from the total of the monthly rent prior to calculating if the income criteria have been met.(4) A person in violation of this section shall be held liable in a civil action up to four and one-half times the monthly rent of the real property at issue, as well as court costs and reasonable attorneys' fees.(5) As used in this section, "source of income" includes benefits or subsidy programs including housing assistance, public assistance, emergency rental assistance, veterans benefits, social security, supplemental security income or other retirement programs, and other programs administered by any federal, state, local, or nonprofit entity.

Sure if they damage you're property or induce extraordinary, careless and reckless damage you can hold them accountable.

Lying is very serious charge for an agent.. it could lead to fruad in the inducement of contract and all other manner of bad things for them.. 

Another thought-- As a renter, they can value their time just like you do, and if you show them a nickle-dime price sheet, you can actually INDUCE them to leave it all up to you to do.  

I know first hand how a stressful job is burning a candle from both ends, so even if you get to the millionaire mark what's to say that you won't have hypertension or some other stress induced pathology.

As such, I expect my repairs cost and vacancy to be lower (will be going with home warranty $500/yr), other portion of repairs will deal with tenants induced repairs and carpet replacements etc...