If you are buying personal property and access for those things, there is nothing fraudulent.

I purchased a SFH that had a septic. When inspecting the property it was obvious hte Septic needed repairs. I created a contingency for the seller to repair and service the septic system. Spent the next year rehabbing...

If someone recalls payment fraudulently through an online software, then we move to certified funds only for rent immediately.

Without payoff and lien info, this is a complete gamble for you, IMO.

At the moment it looks more like gambling.

Gains through crypto felt uncertain to me but still had a draw, so I decided I wouldn't use more than 5% of my disposable income to gamble (whether on leveraged index funds like QLD or crypto).

Is it a gamble to move into one of these neighborhoods if the market crashes?

@Flavia Vangelotti forecasting appreciation is always a gamble so I view it as a bonus on my investment properties. 

Plus you’re gambling since it’s not rented.3.  

Quote from @Kelcey Gamble: Most loans require you occupy for a year or two before you can rent the home.