It's a pretty interesting concept if you qualify for it. 

Real estate is as a concept much more geared towards equity than cash flow. 

Seems like he had a podcast about a year ago where he discussed most of his investment concepts are somewhat dated right now and were really for a different era or economic environment.Probably what works best right now is rent by the room/house hack. 

Quote from @Peter Walther:It's not all that crazy....concept kind of goes back to the wild west....which when you think of it wasn't that long ago (150 years?)

The concept of finding Tenant Buyers through lease options with low equity sellers kind of blew my mind.I do remember seeing Ron Legrand when I was a kid but lease options never really clicked with me.

Discussions have led to the concept of my sister (35) and myself (37) taking over the business. 

You are mixing and matching a number of concepts incorrectly.

They offer a simpler qualification process—no need for personal income verification or debt-to-income ratios.

It’s a simpler process and ensures that some basic maintenance is taken care of without the complications of refunding deposits.

At this point we get a discount for an accountant level and for the simpler entities use the new basic level.