As long as your returns are protected, you can go about this in almost any manner you'd like.Good luck!

Make sure you don't take partial payments (unless you're okay with that) or it protects them from eventual eviction.

(I prefer LLC for the additional protection against litigation/liability).

With that being said, if you are just starting out, and especially in the current market, I would shoot for lower to have that downside protection and to be able to present a really good deal to the end buyer. 

Unforeseeable EventsYou meet the standard requirements if any of the following events occurred during the time you owned and lived in the home you sold.Your home was destroyed or condemned.Your home suffered a casualty loss because of a natural or man-made disaster or an act of terrorism.

However, there are still companies powering through finding ways to make deals happen.With the protection the government is providing to banks, they are still able to lend as well.Three key words to remember when raising capital that will help you get started: Relationships, Plan, Deals.Relationships - This industry is based on relationship building and trust.You must establish trust with investors.

Will I suffer any consequences of that or is that something that depends more so on the lender?

So many things could go worst than current conditions that at this point I'm considering losing my earnest deposit ($3k) in order to protect my cash. deal numbers:purchase price 157karv 280kestimated rent 1800/mmonthly profits after expense: ~$200What would you do in my situation?

@Mark Miles while this might work, it is probably not the most socially responsible thing to do if your local government is trying to protect from the spread of disease.

It is advisable to do that for an AZ property - that way, if you are sued for an issue occurring in AZ, you know that AZ will recognize your LLC protection.