No self employment required.  

Only the first option requires a new deed.However, for a note, a more common way is to give him a mortgage to secure the note, and you'd record the mortgage at the court house.

Of course, talk to your lender as they will know with certainty what that time requirement is.

For example in and around DC some jurisdictions charge insane fees for new builds ($40k school impact fee) and have very challenging code requirements (sprinkler systems in homes..)Anything crazy like that?

It's been great in years past, however, due to saturation and stricter registration/compliance requirements, bookings have really dried up here and many are converting to longer-term rentals. 

It takes time and requires work.  

@Krishna RanaGetting started with real estate investing requires several key steps to reach your financial goals.

Those markets are higher priced and require a lot of capital. 

Blanket Additional Insured - It is an endorsement that normally gives Additional Insured status if it is required in a written contract2. 

So if I can follow this model and achieve similar-ish returns with limited amounts of work, I require a greater return than that from real estate.