@Rich Metteer I can't believe I have had to say this twice in a week on this site but don't commit tax fraud."

This isn't something I would ever do or recommend doing, but IF you gave each college student $50, I bet they would all sign a new lease if you promised you wouldn't enforce it.I wouldn't recommend it because its probably insurance fraud.

Signing that and not doing it is mortgage Fraud. 

@Manik SewakIronically I just responded to another post with identical question but slightly lower amount.

If you were to compare the home on piers to an identical home on a concrete foundation,  would you expect the home on the concrete foundation to be valued much higher?

My friend who owns investment property says her attorney advised against setting up an LLC as it would ultimately amount to mortgage fraud.

How do I get a roofer to just do the damn job without trying to commit ins. fraud?? 

These risks include bad underwriting, outright borrower fraud (I've seen it happen on huge deals), borrower inexperience, bad tenants, construction delays, and larger macroeconomic or local economy factors.

Further, a Reg D offering that goes south is much less attractive for an attorney to sue on, and if you comply with all Reg D requirements you have a statutory defense, absent fraud, with a summary judgement in your favor possible.

Investigators/police/FBI have proven that the vast majority of CREDIT CARD FRAUD comes from RESTAURANTS, RETAIL OUTLET's, STORES and ON-LINE FRAUD from people willingly giving out their information to SCAM WEB SITES advertising "THEY CAN HELP" scheme's !