This will be my first rental property, so I wanted to make sure that I am going about this the correct way.

Thus the functionality of following your chosen individuals and making extensive use of setting up keyword alerts with words or terms such as course, workshop, event, coaching, mentorship, analysis tools, multifamily real estate syndicator and the like.

I think your correct.

@Tony Castronovo is correct about the due on sale clause; that's certainly something to be aware of.From a tax standpoint, though, you will be in the same position. 

<== Is this correct?

If you use the correct structure and clauses.

Wants $0 down I would like to take the property over using Sub-2 then possibly sell it on a lease purchase for $175k with a $15k option fee.Is this the correct strategy to use?

talk to your team members CPA and asset protection attorney to get set up correctly 

A helpful tool is the NYT buy vs rent calculator, it's not the be all end all, just a tool to help you analyze your personal situation. 

See: https://www.phila.gov/li/pdf/Code%20Bulletins/Cert...In most cases, if the U&O is clear, you have a rental license in hand for the correct number of units as you expect to rent (if applicable), and there are no open permits on the property (check: www.phila.gov/li) then that's all you need.