@Michael Spence in your situation with a smaller limit, it would probably be used for down payments or rehab.

I've always been very interested in REI and RE in general but my RE background is fairly limited.

(this is a function of $10 cpms x .25-1% CTRsAdwords is pretty targeted and has intent as you can target by zip code and high intent keywords such as "sell my house for cash etc." but it's limited to people searching for those high intent phrases which may not be a large number.

Not only it is mortgage fraud, it is impossible to pull off because these days lenders compare your application with the IRS transcripts.I also urge you to pay attention to a crucial point made by @Linda Weygant: you cannot just forego available deductions to create higher income.

You don't have to worry about a down payment and you can use the current rents as income on your application.

I would purchase an apartment building as a limited partnership where I was the general partner and signator.

The leasing manager was able  to convince me to deposit the holding deposit check the same day even before filling my application form.

Because of the loan limits a lot of those properties require more than 20% down

Homebuyer Requirements for the Welcome Home Program Total household income must be at or below 80% of Mortgage Revenue Bond (MRB) income limits.

Legal lending limit,  geographical restrictions, 5/7/10 year rates, Amort maximum, DSCR Req, max Leverage, banking relationship.