sub too wrap lease option etc.. is a fine method but in my mind only to be used by very financially capable folks.. not folks that are trying to get rich on OPM and no credit.. and in some states the persona with the lease option can hole up and judge may make the lessee do a foreclosure giving the lessor a right to cure..   

An investor is limited to 4 financed properties including subject - so they could do this Financing method for a couple of the first transactions. 

That will dictate your possible collections methods.

@Jennifer DavisToliver I believe Brandon Turner has coined this BRRRHouse Hacking (FHA 203k, BRRR method and House Hacking).

Dude I BET some dude just winged it, talked about it enough, people believed it and it now is a "thing" on how to do it.I am TELLING you, if 70%-90% of the people call you back pissed off  why you keep sending them mailers, this method SIMPLY IS NOT WORKING!

However, if I didn't really have anything to lose, I would be trying ANY method/strategy to start and see where it goes.For now, I'm focused on building relationships with real estate agents, lenders, etc so I can enlist their expertise when I am ready.

The idea is that they would buy my property via traditional method 25% down conventional financing. 

Active investors like you, who might have a DTI higher than some banks want, should ask to use alternative UW methods like asset depletion. 

I was also thinking about putting cameras in the unit as another method of assets protection

That is because the person's debts must be paid off first.The method that is set up to make sure that the debts are paid and that the assets are distributed is called probate.