I understand that real estate is not a get rich quick scheme, I'm in it for the long run.

I understand real estate is not a get rich quick scheme and actually takes time to establish yourself and become successful.

These program is created mainly to target oldr pensioner or folks that can't access regular HELOC or banking scheme.

How about adding to your list:  Offer everyone triple the market value and end up with a three very angry owners remaining who think up all kinds of schemes and lawsuits.

Tenant fraud is a pressing issue that continues to rise in prominence within the real estate industry, presenting a considerable threat to landlords who may find themselves ensnared in deceptive schemes.

Other problem with this scheme is property taxes increase to current value and you owe transfer taxes as with any sale. 

You will also see some common themes: -Decor that is appropriate to the theme of the area -Mix of nice wall hangings and hard objects without being cluttered (again- place appropriate; don't hang an anchor and ship wheel in a mountain cabin)-Items that provide a "Pop" of color in photos; can be throw pillows, bed skirts, tile backsplash, bar stools, back side of front door etc-Some coordination of color scheme throughout.

Recently there have been refinance churning schemes to refinance military veterans with little to no benefit to the borrower.  

@James Wesley, in the grand scheme of things, the BP BRRRR calculator is an overly simplified underwriting model.  

I just have seen a bunch of people get burned with a little JV agreement with a split profit scheme with a mom and pop contractor (under $25M of work per year).A lot of these pickup truck contractors are one week away from dipping into savings and screwing their remote partner over.