And...the statute of limitations never closes on a fraudulent tax return. 

Non-owner occupied buyers have to put more money down (25%+) and additionally buy down points on their interest to combat the higher interest rates and get close to cash flow.

This appears to be common practice with CrestCore and our attorneys have established this fraudulent type behavior to be VERY common with them.

It's certainly a red flag but I don't think it immediately means they are running and fraudulent business.

The way to combat this is to put a partner on the deal that brings the experience and some cash.Private Money is such a misnomer. 

According to Snappt's Top Twenty Fraudulent Cities for 2022, the Dallas-Fort Worth (DFW) metro area has the third highest fraud rate in the nation, with 13.2% of all rental applications being fraudulent.The primary cause of such a high fraud rate can be attributed to the booming population growth in the region.

See my blog post here that addresses the topic.I also have some ideas about how a creative property owner can combat this problem.

How would you combat this later on after you get the loan would you change it into a Coventional loan?

Thread just demonstrates how fraudulent wholesaling is.

A few points of clarification:While, yes, the tenant does have to verify their identity, the results are instantThere a handful of benefits to this method:The identity verification process does, just that:  It helps to determine the identity of the applicant, by asking questions that typically only the applicant would know, adding an extra layer of assurance that the person you are dealing with is not under a fraudulent or assumed identity.Landlords do not need to go through the site-inspection process, they can get up and running right away.