Same domain name with s at the end

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I think I've found a good EMD in a niche I'm familiar with, but the same domain name with an s at the end is taken, and its just a site full of ads and stuff. If I created a site on the EMD without the s, is there any LEGAL problems I would run into?

Yes I know I should just make an offer and try to buy the domain but it's probably expensive and I don't have the money for that right now, and also problems of where all my potential traffic could be sent to... but right what are the legal problems I could run into?
#domain #end

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