I'm hoping that some of the experts here with more experience and knowledge in this area could point me in the right direction. 

I personally focus on multifamily investing so that is usually where I direct people, but I also think people should find the niche they like and go with it and become experts.

Does this mean that they won't even be liable for any potential issues with the plans they put together ("direct, special or consequential damages")? 

I figure this was a good idea since it would be a direct buy with no brokerage fees.

Yes I did go to the auction and was able to pickup 2 properties, the deeds will be mailed in couple of weeks.It was a great opportunity - more than 400 properties and less crowd/competitors (July 4th week, ppl took days off)

You can also do direct marketing to find people who haven't decided to sell their home yet.

@China Sistrunk Are you wanting numbers or mailing addresses?

If not, I take the second applicant.So, and I have no idea if accepting the money created some sort of obligation, I would simply mail them a check for the money and a letter stating the applications have not been received so you cannot proceed with approving them. 

To directly answer your question - I don't think it will impact a renter but another buyer may have the same thoughts you're having now. 

Okay, so either wholesaling or direct marketing.