The lender is not damaged and presumably the owner was there long enough to satisfy the time requirement.Any *misrepresentation* on a bank loan, like intent, (reason for the loan), income, addresses lived at, rental history, amount of money in the bank, assets, liabilities, employment, time on the job, number of dependents, source of funds (the common things people lie about on applications that get them into trouble) etc, etc are potentially mortgage & wire fraud.

Usually cutting the amortization and hiking the rate which often times doubled their payments. 

Go to REIA's and MeetUps in your area and network, listen and learn from people that are actually doing the job in your local market. 

I literally have to cut and paste my ad (along with my pre-screening questions) into a response to these quasi-automated inquiries.   

The work essentially needed is:1. cut a non load bearing wall2. take out all cabinetry and old wood counter top3.

And if you listen to some $100M advice you find the reality of earning a million per year is hard work all the time, i.e. work 80 hours per week, read 10 books per month, grow your business and brand in the same industry for at least 10 years, cut spending (which you can do), etc.I've been hustling for over 25 years and have yet to come across any significant passive income streams.

At 19 I would suggest trying to land a job that has at the very least a "decent" income.

Interest rates suck right now but I'm seeing properties just sitting and multiple price cuts.

Fast forward to now, I’ve quit my 50k+ 9-5 job but I still have my other job making about half that.

Nobody will do a better job than someone in the family, and the money stays in the family.My cleaning lady does the work for free, plus I get to sleep with her.