They are high end and was a gamble although we stole them 295k and 375k respectively.

Just put yourself in their shoes, of city administrators, do you want to gamble on assuming people are going to "do the right thing"?

yesIt would seem that if you claim "owner occupant" and you are not the owner or not the occupant, then that would be a false statement/misrepresentation, and therefore fraudulent...However, it is quite common for a person to obtain an owner occupant loan, live in the property for some time, and then if life circumstances change, they may need to rent a portion of the property or even move out and hold the property as a straight rental investment property, without changing the status of the loan.... 

There are surely some real pros out there who have made it into more of a science than a gamble but they are buying in quantity with the knowledge that some will turn out to be losers. 

I would talk to your lender.While you might think that just anyone can check that box and get FHA financing, it’s against the law to submit fraudulent information on your loan application.

That is where the gamble is, leaving it up for another person to be possibly willing to pay more than 136,000. 

The contract must be a valid contract with good and valuable consideration changing hands and without fraudulent intent to lock up a property under the pretense that you're a buyer so you can then market it to other investors. 

According to a copy of the bill, the licensing law would allow the county to force landlords to evict any tenant convicted in the past year of felony, misdemeanor or ordinance violations on a variety of crimes, from drug dealing to alcohol consumption to gambling.

Some of the things they listed were: pay stubs, employment letter, bank statements, Good Grief, what next that these fraudulent means are being advertised in the open on social media.

That applicant had also fraudulently provided a relative's name and phone number to pose as previous tenant in case someone actually called for references.