If you fail to do so, and don't let the seller know ahead of time you will possibly be assigning the contract to another buyer then you are flirting with fraud!

I thought this was an interesting and relevant article, just an example of fraud in the flix and flip business.http://gazette.com/article/1605665?

First, getting a property under contract with no actual intention to close is "fraud in the inducement".Second, in every state I know of, you cannot legally market a property that you don't own unless you have a real estate license.With that out of the way, let's assume that you do close on the property.You'll be faced with evicting the tenant.  

There are many ways you can distinguish a single member LLC from your own identity.  

Are you worried about identity theft?

http://www.businesswire.com/news/home/20170626006118/en/HomeVestors-Condemns-Lender-Fraud

Too much wire fraud happening these days...

Hey Team -Reaching out to you guys here as I have a new and interesting situation arise for a rental home listing in Sacramento.  At a high level, I had recently advertised my listing on a Zillow and a few sites but t...

It can't be down the street or somewhere "commutable".I hate to use the term mortgage fraud, but I think that's what it would be. 

Either yourself or an Ally can proceed to purchase the property from them  - then when the villain is well and truly snarred sue them for damages - and report them to the FBI for Fraud.