Just be sure it’s documented and consistently applied to avoid any Fair Housing pitfalls.Another option is to stick with strictly quantifiable criteria—credit score, income ratio, etc.

If not, they may want to speak to a mortgage broker local here in Florida to help expand their options! 

Cash for keys is a good option but it depends how much they owe.

That really isn't good enough in our opinion.Another option for you is if your property is in a realtively safe area, to install a wi-fi connected smart lock.

Cashing out $400k and throwing it in an index fund is a viable option as well.

With the newer 5% down conventional loan for owner-occupied multifamily option, I generally advise people to start analyzing from there if they want to house hack a multifamily with minimal down.  

I look forward to your response and the opportunity to discuss potential options that align with your organization's leasing policies."

That is an easy list to build and a much better and safer option than more creative like Sub To.

Sounds like I might need to follow Frank’s advice and consult an attorney, although that will definitely be the last option I pursue.

Main benefits to this strategy include:- Low down payment options (as low as 3-5%)- Acquisition experience- Property management experienceThe NYC metro area has nearly 2,000 available 2-4 unit listings on the market.Other new investors consider the BRRRR Strategy.All the best to you on your journey!