I have to base calculations at 950 , that’s risky .

I say easiest because it's the least risky both legally and financially, given my current evaluation.Who knows, once I view the property later today and after more research I may not see the potential, but I would still like to see where this would take me.

The risk I see on building is that I have no experience and this could affect the final result of the investment .

Seems doable but risky with high interest cards.

All the properties inside the perimeter (and near the belt line) are expensive and feel risky for my first rental.

It's often viewed as less risky. 

If you obtain a property as an individual, you are at risk of being named in any lawsuit and would have to defend all of your assets including personal whereas in an LLC, the risk is insulated to the LLC itself. 

He thinks he's invincible and his behavior is putting everyone in the house at risk. Is

I would say the risk is too high.

If you can recover your investment quickly, it might not be so risky.... that is really what you will have on the line until you get the financing sorted.