That is an entirely different thing.A distressed property is a circumstance.Motivation is an emotional response to a circumstance.Tall grass, tons of mailers on the floor—these are circumstances.

Any delay or failure in the performance by Landlord hereunder shall be excused if and to the extent caused by the occurrence of any event that is beyond Landlord's control, such as fires/ floods, earthquakes, wars, sabotage, terrorism, vandalism, governmental acts, injunctions, or labor strikes, acts of God and any other occurrences that are unavoidable or unpreventable despite reasonable efforts to prevent, avoid, delay, or mitigate the effects thereof."

DEBT is for GROWING, debt-free is cruise-control. 

I just told her, "I am not trying to control you, and I would never say that you can NOT buy something.

This would allow me to raise the rent for the main house a bit over market but I'm concerned usage could get out of control and making my cashflow take an unpredictable hit.Does anyone see other options here that may work better than the two above?

[Redfin]TP: Personal opinion: rent controls and/or big first-time buyer grants are not the answer.

While the financing and small entry price sound great, you are locked into their ecosystem with very little control.

The tenants have no control over how long the actual processing takes between the banks.

As well as Sellers simply are not informed of the risk of devastating impacts to their credit scores and what equity they may have had in the property if the transaction fails.For a well capitalized Investor and or company and a fully informed seller these can be structured as you note with a Wrap that keeps the seller with  some control or ability to get the property back.

We're able to crank out mods regardless of weather, have all of our inspections scheduled like clockwork, and control the timing of production with the site work.