EXAMPLE:  There are two identical properties. 

That is called FRAUD.

Liability of Property Manager: Property Manager shall indemnify, defend and hold harmless owner and it’s agents, officers and trustees from and against any and all claims, charges, debts, demands and lawsuits (the “Claims”) arising in connection with any claims arising out of or based upon acts performed or omitted to be performed by Property Managers in breach of this Agreement, or that constitute bad faith, fraud, willful misconduct or gross negligence.

Signing contracts with no ability to close is FRAUD.

Please see the list below for a few examples: Certified Public Accountant (CPA)Certified Financial Analyst (CFA)Certified Management Accountant (CMA)Enrolled Agent (EA)Certified Internal Auditor (CIA)Certified Information Systems Auditor (CISA)Certified Fraud Examiner (CFE)Certified Government Auditing Professional (CGAP)Certified Bank Auditor (CBA)I agree with @Eamonn McElroy that the CPA designation is among the prestigious of the accounting credentials and there is no specific accounting credential for the real estate industry.

Yeah, no action would probably ever be taken against you in this regard, and yeah you can claim after 4 months you “changed your mind”, but by posting your intent on this forum, a trail of evidence has been created to support a charge of mortgage fraud.

It is 1,550 per month per unit.... a place identical to mine.

Everyone is a "cash buyer" but many are frauds and scammers signing contracts and misleading sellers into thinking their property is sold.

If you had an entity then you would want to keep the identity of the entity separate from your personal identity for a liability reason.

Also, wouldn't that pooling funds from others make it an area ripe for fraud?