Primary residence mortgages require you sign documents stating it will be your primary residence and you'll live there at least a year.

Oh very interesting, I'll have to check the planning commission meeting notes because this was a hot topic in Denver the last few years so if it was discussed there on public record I'm surprised it wasn't in the news at all before!

I've received several call from prospective buyers asking for my help in seeing this home and stating that they sent him their personal documents after which their accounts were compromised.  

Your source is Fox News...

If the police came they probably did not come and document the damages, get the report.   

Photos of how good the place looks, with a lot of close up and far out photos, not just of the documented issues.  

The good news is you will be able to get debt on properties easier than someone who is making $50k per year assuming you don't have a bunch of bad debt.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Just make sure to document everything and keep communication open.

When I asked for identification documents, he claimed it was too many documents for an investment of "only" $10,000.