@Jeff C.It is a way to build buyers list for a lease with option or lease purchaseIf you're interested in building a buyers list of tenant buyersthe best way is to enter into a lease and option with the seller, advertise a house on 70 websites, if you PM me I'll give you the list of 70 websites Using an earnest money agreement  50% of the option fee  Buyer has seven days to get the balance of the fee +1st and last months rent  Once they've inspected the property, there is a closing at the title company I use an option release system instead of an assignmentIt's important to follow the following safeguards It's important to follow the following safeguards  First have the payment paid from the buyer to the mortgage company and insurance and tax  impound accounts, I use notecollection.comPay for a property inspector it's worth the money Pay for a property inspector it's worth the money  Have a delayed sale and purchase agreement in escrow

No need to ensure appropriate safeguarding of SSNAnother benefit of not collecting a SSN is the landlord doesn’t have to worry about adhering to all of the varying and confusing state laws around protection of personal identifiable information (PII).

Does that make me exempt from safeguarding NPI?

The only safeguards that I can think of are interest rates fixed for the life of the loan, which if anyone can find these then please let me know where,Or, having a significant amount of equity in the property, which will allow for refinancing and keeping payment low.  

Many of these operators have no IT system whatsoever as they are keeping written records and they have a number of reminder safeguards in place as part of their written policies and procedures to make sure that their customer’s NPI is properly protected.

I like the idea of cooking in some safeguards against industry-specific reliance in your tenant choices.

But before you partner, do some studying on partnering & how you vet a potential partner & what safeguards you need for the little cash that you have.Consider becoming a property finder.  

I have also read of people doing multiple-applications as something of a safeguard.

Regarding your comment about using an agent - our plan was to use an agent as a safeguard against potential mistakes. 

The safeguards and limits exists because it is THEIR money you have in your custody.