With all that being said, I would not put yourself in a position that would make yourself vulnerable financially just to get tenants in place!! 

It’s a more vulnerable place to be.

However, if you are not a savvy real estate investor, it could easily lead to a bad investment decision or leave you vulnerable to fraud.

The length of the lease is up to you, as the property owner, but keep in mind new lease end date, for example an 18 month lease, may end at a time that makes your property more vulnerable to vacancy (i.e. student renters, etc.).

I'm sure once I get past the first deal my whole mindset will change but I can't help feeling extremely vulnerable trying to do this without initial experienced guidance.I can come up with $50-$250k from my business LOC and I have good credit so I don't see a problem getting conventional financing.I undoubtedly want to buy my first multi-unit property this year (2016).

If you get sued and lose all the assets in that entity are vulnerable.

You are talking with people when they are most emotional and vulnerable. 

It will also cover serious mistakes that many investors make in the seller financing process - mistakes that could make them vulnerable to serious and expensive legal action!

If they're great, they shouldn't be afraid to be a bit vulnerable and show how they corrected a hiccup. 

in perspective of flooding vulnerability compared to other parts of harlingen tx