A payment history of at least one year is much more attractive to investors than zero payment history. having the Bene and the Trustor being he same entity or closing related is something most knowledgeable investors simply would not do.I have seen a few of those on FCI  usually in low value asset land its just another way to sell the property.. 

There may also be a negative connotation around rent to own in your area.

I'm using OPM to purchase and rehab properties and when all is said and done, I can usually own the properties with a mortgage, none of my money tied into it, and I cashflow from each property. 

Correct - thats how they start Usually .

HomeReady is usually the loan that works best for my clients. 

A limited condo review usually only requires a shorter questionnaire and usually none of the other supporting documentation. 

@William Lewis you're correct that closing costs on HELOC is much lower, usually just an application fee along with an annual fee (some banks will make you pay for the appraisal as well). 

Turnkey companies don't usually do commercial buildings and this isn't a turnkey property.But more to those rents... vacancy and such aside, anytime you are getting rents that low, you can expect to attract low-quality tenants.

A good way to do this is google Tenant Rights for your states and there are usually easy to understand tenant advocate sites that list them.   

The tenants we received in these properties would usually only stay for 1 year max and always left a total mess and damage when they left.