Your fake business just leads to your very real personally owned properties and if someone has malicious intent, they will go after you and your assets personally.

Don't use him to find deals that you have no intent on closing with him.Building a team / network involves loyalty.

That said, FHA financing program is not meant to buy a home as a way around of putting a large down payment on a home that you're intent is to rent it in a year. 

Andrew Kerr Still collecting details, but appears he was convicted and pleaded guilty for possession and intent to sell.

(b) A landlord or his agent may enter the dwelling unit without consent of the tenant:(1) At any time in case of emergency-prospective changes in weather conditions which pose a likelihood of danger to the property may be considered an emergency;(2) Between the hours of 9:00 a.m. and 6:00 p.m. for the purpose of providing regularly scheduled periodic services such as changing furnace and air-conditioning filters, providing termite, insect, or pest treatment, and the like, provided that the right to enter to provide regularly scheduled periodic services is conspicuously set forth in writing in the rental agreement and that prior to entering, the landlord announces his intent to enter to perform services; or(3) Between the hours of 8:00 a.m. and 8:00 p.m. for the purpose of providing services requested by the tenant and that prior to entering, the landlord announces his intent to enter to perform services.

Another tactical thing I encourage you to do is something called a Letter of Intent, which isn't contractual or legally binding in any way, so this approach can also help calm your mind. 

So my question: have any of you ever built strictly with the intent on renting the properties upon completion?

You can also learn a lot by being an investor in a syndication if you have intention.  

You kinda bought fixers with that intention in mind.

They get into financial troubles and try to compensate for it with your job, start cutting corners, starting on too many other jobs before finishing yours, hiring unskilled laborers to try to save on their costs, start failing inspections, intentionally overbuying materials to return later and pocket the money, etc.