Pretend to be a tenant and call those listings. 

Can't imagine how he can explain this away.Instead of having your wife call the alleged owner pretending to be a renter, have someone call from another city so caller ID doesn't throw anything off.

I agree with Rich that pretending to be the tenant instead of the landlord was a little strange.

That gives me:Estimated NOI $7,947 (dangerously close to a "proforma" aka "pretend" number)I want $100/unit/month in cash flow, so subtract off $2,400.

That additional cash flow is from your money, not from the property.Jon - So when modeling a potential deal we should pretend that we are financing 100% of the deal and see if the property still provides cash flow after that 100% financing debt service?

Anyone who pretends any of this is easy and mountains of cash fall from the sky is not actually involved in the industry.

One has sold so far, $450.00 per month positive income.You might at least want to learn the terms associated with real estate if you're going to pretend to be in the business!

I am not where they have learned this tactic from, but I feel if anything is illegal, then taking someone else's property and marketing it and pretending like it's your own when they don't have any interest whatsoever in the property is definitely illegal without authorization from the owner.  

If it is my own nest egg I can pretend that the money is at low or no cost, and it is less obvious and less urgent-I am not repaying myself every month.

You might be able to use annual statement + transaction history from Dec 30th to present to make it work.If the funds cannot be sourced adequately, what often happens (as a sort of compromise alternative to "loan denied") is that the will pretend they never saw the money and subtract that amount from your current balances.