@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. 

A follow up question is, how much is expected in reserves using this method?

I'm assuminh that if I do the latter, then I'd also use my personal account for repairs, maintenance & improvements to my unit as well.Is there some other method?

Probate requires a different approach than many other methods, but because of that, it could set you apart from other "we buy houses" wholesalers.