Not a bad thought.....Although if the OP is going to do face-to-face meetings with this nut, hopefully he has a CCW. 

If the OP has the intent to occupy the property from the get go and a broker originates a DSCR loan for them, there are heavy penalties, not just prison for mortgage fraud, but restitution to the lender they defrauded and loss of their livelihood.Advice for the OP, if you're going to get a DSCR loan, go rent an apartment and show that you're living somewhere else and don't move into the property.   

Either way, it turns out OP either doesn’t own the building (since the people who live in the condos have homesteaded the property so they are owners and not renters), they can be held responsible for the money owed.

OP needs to verify more closely if in doubt.

The OP stated that they had been paying rent for 10 years to the tune of $160,000 but could not afford to buy a house.

I was reading several articles about the maintenance fees and other expenditures associated with condos and co-ops in NYC, everything does seem a bit involved (especially co-ops), so I may reconsider.

But ultimately to answer your OP, it depends on the P & S contract.

Quote from @Carolyn Fuller: Having just gone through a pandemic that wiped out, not only my STR business  OP, bear in mind that this is just one possibility (and I'm sorry it happened) but my STRs flourished during the Covid mess.

Looks like the resident blew himself up to evade capture by US Special Ops.

@Joe Splitrock so first of all, the OP is correct.