Racketeering Influenced and Corrupt Organizations Act. 

It's a bit of a racket. 

Quote from @Eric Bilderback: It would work probably but there is racket going. 

@John Mason as a PMC we seem to get sued by tenants for slip & fall "accidents" every year:(What's frustrating, is that it seems to all be a big racket.

Yup it is a racket unfortunately.

For someone who has cash - could be a great deal and very secure against a low leveraged property.Best,Michael Vallee No you may not, this falls under self dealing, invalid contract, as you can't create a debt as an asset to yourself, use that or market that you're looking at fraud, racketeering issues, take a mortgage deduction you're looking at tax fraud. 

Goes to show this racket will take anyone, even disgraced wall street physicist theorists 😂 

What a racket!

@Tiffany SmithTennis Racket

It is a racket, studios are going for $900 a month over $2,000 a month for two bedrooms, more if the area is great.