Dwayne Deen was lying when he said he was buying a house for $25,000 on Craigslist.
But a Florida man said he spent more than $1.2 million of his own money buying the home on the popular real estate website for less than $250 a month and then renting it out to friends.
Now Deen faces felony charges for selling the home to two men who rented it out for $850 a month.
Deen, of Jacksonville, Florida, faces up to six years in prison and a $1,000 fine for his actions, the Jacksonville Sun reported.
The men were charged with making a false statement and selling a home for less.
Both Deen and his two co-defendants were arrested Thursday, authorities said.
Deen is accused of using a fake credit card to buy the house, and then using it to rent it out again for more than a month, the report said.
The Florida man is the second Florida real estate agent to face criminal charges for illegally renting out his own home to friends, according to the Sun.
In June, Michael Henshaw of Jacksonville was sentenced to a year in prison for illegally selling a condo for $350,000.
Henshaw, of Tampa, Florida,, was sentenced last month to 10 years in federal prison after pleading guilty to defrauding an elderly man by falsely claiming the condo he had bought in Miami for $300,000 was worth $1 billion.