This could also be considered fraudulent if the deposits were not handled legally.

There is a huge difference from buying your residence as you describe and later changing your mind and converting it to investment, versus trying to fraudulently buy an investment property by claiming it will be your primary residence.  

According to that complaint here is what comes next:They sell you something after fraudulently inflating its perceived value; lend you the money to acquire something worth significantly less than they represented; put a deed in their pocket in violation of state law; and then they default you, take back the property and rinse and repeat.

How do you handle a potential fraudulent actor?

I don't mind gambling a small fee to each interesting property to discover whether or not there is a problem, but to stumble into a million dollar liability will end me.

It also comes down to goals if you in Seattle and do a Heloc or refi just know your doing it for appreciation (which I call gambling) but others will call investing.

Dimon, et al. feel that it is their right to gamble totally unregulated while still being backed by the tax payer if their bets fail? 

If your posting sucked, misleading, misinformed, or outright fraudulent, we should get some sort of opposite of voting.

That's not a gamble I would be willing to take.

You are right this one kind of is a gamble but what can I do now, other than change the decisions that I make in the future.