That can go wrong on a lot of different levels from outright fraud to just run-of-the-mill incompetence.

This sounds almost identical to what you are pricing.  

A house nearly identical to mine on the same block just sold for $330k.

But I get it, when your identity is wrapped up in your rank on a forum, nothing else matters but you.

Also you cannot create a "fake loan" on paper and not actually follow through with it (its fraud).

Net income is the income before we pay debt service (a mortgage) and taxes.The hard part in real estate is finding "like investments" as no two parcels of real estate are identical or very similar as we can find in stocks or bonds. 

That's pretty much mortgage fraud.

Results show reported income (you should verify though using paystubs or what you prefer), credit score, all revolving accounts and statuses, fraud history, if any, criminal background, eviction history and TU gives a recommendation of either accept or decline.

We saw a huge appreciation potential on it (we almost bought 2) - this was validated shortly after the neighborhood was completed, as one property in the neighborhood identical to ours sold for 15% above new build price already - and that was before the market here went insane. 

Learning something invaluable is not only a waste of your time, it's a waste of an identity.