I've also had prior landlords wanting to establish my identity and the tenant's permission prior to releasing the information - which is perfectly valid and was satisfied by faxing over the applicant's signed release.

You do not have to give every tenant the same rental rate, nor do you have to offer them identical properties you just need to be able to justify the difference.

Its got a great upside though, so even some possible risk is worth taking here.The soon to be former owner was involved in a fraud case with his former employer and got a $500k judgement on him, judgement date of 2/18/2011.

So, yes, even though the credit may not show on your credit report, unless you plan on frauding your application, it will show up.  

I consider them a fraud.

Although the Scope of Work may not be identical from house-to-house, for the most part, the repairs will be fairly similar.

Quickbooks is Fraud....Quickbooks / Intuit has predatory strategies towards small businesses.

Bert Whalen which includes “Renewal Fraud” of his Indiana Real Estate License.

Having extensive damage in the basement would definitely be considered a material fact and covering up damages with a bandaid and not disclosing it should be considered fraud. 

If you are doing flipping, I think is advised to utilize an LLC for each flip and leaving it dormant after- that way if a problem arises during or even after the sale of the flip (like the buyer coming back a year later and accusing you of fraud since you put "new plumbing" in your listing ad when you only changed the shower fixtures and water connections to the kitchen, not the entire plumbing) it will not periclitate your other assets or freeze whatever other flips you might be doing.