I recently attended @Michael Ealy 's FREE seminar where you learned how to do all this and more without buying anything.I also attended a $2k course where I learned more in a weekend then my entire business school experience.A business owner I work for recently spent $20k on one of these scams.

So yes, correct, the borrower is the USER not the owner, the bank/lender is the "owner" right.

There's no benefit to the owner. 

The owner is willing to take a cash offer for asking, or a little under.

I have seen this work in high priced markets like San Jose Ca.. where the property owner is a very wealthy business person with no time for rentals and the person they sublet to is close t them either friend or bizz associate and will work the property to make  the delta as the owner just does not want to mess with day to day and there is extreme trust.The other thing I have done personally is with the insurance companies ..

Consider spending some time in these areas to get a feel for the market and see if you'd enjoy living there. you ever dealt with ground up non owner occupied construction loans? 

You can use Spokeo for cheap to lookup owner's numbers. 6 deals out of 191 was extremely good! 

Sure enough the new owner was not renting their newly acquired property.Since rents have sharply escalated over the last few years, a rental with too low rent is a red flag of possible fraud.I sold a property in 2014, for $30,000 over 10 years ago.

Although, we are in an easily accessible market I have owners that have never seen their properties.

. - We also have S8 tenants move because the owner won't agree to repaint, replace carpeting, etc. - that were new when the S8 tenant moved in 1-2 years ago.Another challenge of finding S8 tenants is many EXPECT you to waive application fees and security deposits.