Hey BP I have a private money lender contact me from a post I put on Craigslist we she wants to fund my deal that she has no info about @ a 5% interest rate for 70,000 the repayment plan starts starts 6 months after ...

With a revocable trust, the identity of the beneficiary is irrelevant because his/her interest is contingent... the beneficiary can be divested at any time.

Actual skin could be the sponsor signing on the loan covenants, rather than hiring that out to someone else, thus making them personally liable if they commit fraud, bankrupt the entity, or abscond with the money that was supposed to be allocated to other things such as property tax payments. 

And I am also on the hunt for another house identical to this one.

Or, they’ll just be happy having obtained your personal identity info.Facebook, LinkedIn, Craigslist, and even BP’s lender list are all unverified, @Julien Anaya. 

I am not trying to be negative, but there are many frauds out there. 

Using an owner occupant loan while not planning to live in the property full time would in most cases be considered mortgage fraud.

Sure, but that would be mortgage fraud which is not a great way to start your RE career.

., I love the identity theft one.  

He is a total fraud.