The criminal record was intentionally concealed on the application.

However does that give them a license to flat out conceal and defraud? 

I have had one ugly experience doing this that has convinced me of the wisdom of carrying a concealed handgun in any jurisdiction where it's as easy to get licensed as it is in mine.All that ugliness aside: handle any physical tour of a rental property the same way a real estate agent trying to sell a property handles it.

One added consideration, courts are full of lawsuits where someone tried to outsmart the system or conceal the whole truth to other parties with an interest, including insurance companies, lenders, and the tax collectors.Due on Sale clause is one thing, collecting on an insurance claim is another.

Just my personal feelings :~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~I feel crime rate will go up drasticallyCity property values was take a major price drop City rental rates will take a nice dropMore carry conceal permits will be issued in city limitsOutside of city - prices will increase significantlyOutside of city - rental rates will increase over timeMore board up housing in the city More closed down city public schooling( FYI – city now have over 1000 properties setting vacant )City dollar housing will once again become popularTraffic outside of city will become even more of issueAs other BP members have stated “ people will always need somewhere to stay “Detroit comes to mind Again this is just my personal opinion of potential outcome over next 34 years

Sorry last time I was there I was very happy one night that I had a concealed weapons permit and a 17 shot clip.

There are many people who will happily throw you under the bus just to get your $97...Scott, you are clearly not grasping the concept here.We are in fact Fully Disclosing our intent to profit up front and in writing through the Supplemental Short Sale Addendum that should the lender wish to be notified of all higher subsequent offers we are clearly telling them that we will comply with their demands but that we will be compensated (by releasing our Equitable Interest) for doing so should they decide to approve the higher subsequent offer.Fraud would imply that we are attempting to conceal our intent to profit.On the contrary, through the use of the SSSA we are telling them that we will profit while still complying with the exact letter and spirit of their affidavits.For further education on the subject of the definition of Fraud I would suggest listening to an attorney explain the subject in detail here:http://www.smartrealestateinvesting.com//webinars/ronballard2011/

C+ But improving since Concealed Carry passed in IL.School quality?  

Mail fraud, insurance fraud, concealment and other concepts apply to these transactions.  

If it's legal to carry a concealed weapon in your state, take the class.