We are about to finish an identical property next door to this one and rent it to more baseball players.

I was wondering if it would be wise (or stupid) to purchase a home with little down (5% or 10%), live in it for 12 months (avoid mortgage fraud) and then rent it out while living in a cheap mother in law apartment. 

However, the way you describe things, it may actually be illegal and be bank fraud along with wire fraud and perhaps IRS fraud.

You also have to move in within 60 days or it is loan fraud.

Could I be a co-borrower on a loan my brother is trying to get and it still be considered owner occupied since he will be living there but I will not or is that fraud? 

Could I be a co-borrower on a loan my brother is trying to get and it still be considered owner occupied since he will be living there but I will not or is that fraud?

You can't "feel" the property or the neighborhoods identity through a spreadsheet.

I am also not in any way shape or form advising, recommending, or even slightly suggesting that you commit mortgage fraud.

I'm told some fraudster tenants who defaulted on their electric bills open up new accounts under false identities.

I for one, would steer clear of anything that smells like fraud.