The odds no one will know but you will be committing mortgage fraud.

A, §212 (NEW).]And here's the link to the State website if you want to read it there for yourself: http://www.mainelegislature.or...One other note - verbal contracts can be binding, but according to the Statute of Frauds, contracts for real estate must be in writing. 

It would be identical and rent for the same amount in 2020 of 750 BRL.

If you convert it to a rental property before 1 year, then you are committing mortgage fraud. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris scam and/or Morris Invest fraud for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

The only caveat here is that you NEED to live in the residence you purchase for one year otherwise it is considered mortgage fraud. 

I actually was getting my info from information released today.Calling my material click bait may lead someone to think I am a fraud. 

Its probably not a dealMaybe your expectations were too high, hoping for appreciation, and already swimming in brrrrrrrrrr or sale money from a deal you havent yet closed.I put in a backup offer this week that was basically identical to same offer, same property, I made contact with 6 months ago.

My concern is less about fraud.

It is an identical looking duplex with approximately 720square feet each and 2 bedroom 1 bathroom.