The reason is that one wants to be able to properly avail themselves to the laws and protection of the corresponding state where the property lies. 

The answer normally lies in what your goals are.  

My particular interests lie in the buy-and-hold market, as I'm looking to own both short- and medium-term rentals. 

I'd be lying if I said it would be the first time.Instead, I asked her for a hug.

Hosts do anything to ensure a 5-star, to include lying about the guest just to coax a positive review out of them.Hotels don't look at reviews and they do just fine.The people you are talking about are the same ones that will eat most of a steak dinner, then demand a refund because it was under-cooked.

My answer is, right or wrong, I put lying about "other offers" as just fair game negotiations that don't really reflect on a person's honesty.  

Numbers don’t lie!

I think that's where the rub lies for me.

As they say; when you lie down with dogs, you get up with fleas.If I only had $40K to work with, I'd find a proven flipper in a market very close to me and I'd lend him/her the money secured by real estate, using escrow and getting a lender's title policy.

But if you plan to spew more lies here I will continue to call you out.