Two identical houses (same builder, same finishes, same floor plan) can sell for $150,000 in one area and $380,000 in another, more desirable area.The rehab itself is going to be almost exactly the same price (i would finish to the level of the best in the neighborhood).

You will be committing federal mortgage fraud.

This is almost identical to what I am doing with a unit right now.

3) To protect my identity on public record from disgruntled homeowners or other unsavory eyes?

Just don't put yourself in a position of committing Loan Fraud. 

Otherwise it's tax fraud. 

I had no problem sending him all three PDF files of my 3 credit report because I keep a credit lock & high alert fraud victim to keep out Financial predators that way no one can breach access.

Most are FRAUDS and SCAMMERS.

We should call the legal licensed ones wholesalers and the unlicensed frauds and scammers unlicensed brokers. pekin is an unlicensed broker.John AKA Liam 

The BIG mistake was made by the seller that got scammed by this FRAUD.