It is no different than welfare fraud. 

Isn’t this wire fraud?

My plan is to choose at least 3 cities with the highest job growth, identity the submarket, developt the right team and invest 😂

I imagine that the two jobs are not identical.

The homeowner was committing fraud.

The only downside for me is once the tenant pays it can take up to 5 days to transfer to my account. https://www.biggerpockets.com/forums/52/topics/499696-beware-of-fraud-by-erentpaymentcom?

@William BrownEntering into contracts with no intention or ability to close is FRAUD BY INDUCEMENT.If you lead a seller to believe you are not a buyer when you are not, this is deceit at best and possibly could get you sued.I do not know the legalities of advertising properties in your state to know if that is legal if you are not licensed and not a principal to the transaction.I am not telling you to do this or not.

The red flags that signal occupation fraud is less square footage, worse condition, further commute and other reasons that look like you might stay where you are. 

@Terry Burwell  It sounds like if you are getting a gift but its really something you have to pay back then its fraud.  

So, you can be liable for loan fraud and not to mention you can't really use borrowed money as a down payment.