Not saying it cant be done but its alot more risky.

With a substantial earnest money at risk, I was able to work out 12 month seller financing, however the seller increased purchase prices by $40K.

With a substantial earnest money at risk, I was able to work out 12 month seller financing, however seller increased purchase prices by $40K.

I was thinking of market rate, but some I talk to say higher rate than market since there's greater risk. I

I feel that trying to find the "fastest way to build a portfolio" may be a very risky mindset.

As my portfolio grows, and I have excess cash flow, I will then focus on some better neighborhoods for appreciation.Regarding your question about out of state investors, I've never done that, and honestly don't understand why people subject themselves to that added risk...but if you're going to do it in a Midwest market, at least you know the cost of entry and financial risk is probably lower than somewhere you would find on say the West Coast lol.O H ....

The risk is losing this property and it's a risk I'm willing to take.

1- I have must less interest right now than I did before due to the unknown about how landlord will be treated and how they are being regarding in the media due to the virus et al2- oops answered in # 1 but another reason is that the current prices aren't representative of what I believe the increased risk is at this point.3- I've got one property coming open at the beginning of the month and am moving it to S8 property for the guaranteed income.  4- I only have one other S8 property and it has been awesome for me so far. 

Is it truly a benefit, or that risky to proceed to purchase before forming a legal entity?

Otherwise, wait to the risk is more in the historical range.