There is a book called Landlording on Autopilote, I believe was written by a retired police detective turned landlord, that goes in depth on the application issue and discusses all the different application denial techniques there are to get out from these types of situations.

Search for it here on BP.You can't do an option and seller financing, either or, not both.Sounds like you're into guru stuff, see an attorney, there are new federal seller financing laws, the SAFE Act, search that, get to know it if you want to do FS deals.Sounds like you could simply finance the option price on a lease option, it's not a second mortgage.Sounds like you need to study before you leap, but see a local attorney to put this together.

Most people would say play it safe and buy and hold if you're out of state.

Now that I am stuck with only the cash option I figured it was more safe to buy a $35k condo than a house which could have bigger expense issues.  

Creative financing is the formulation and use of assets, liabilities and financial planning techniques that facilitate a method of financing an existing or newly acquired asset.  

I did not think of using any major marketing techniques till now.

If You want to go really cheap and safe - search Raytown, MO, Grandview MO, Belton MO, Kansas City KSDo you have a property Managenent company already ?

If there is something on a tenant's application that doesn't meet your rental criteria, you can choose to not offer a new rental agreement to that tenant and should be safe. 

The tenants don't care about the septic as they will use non-septic safe toilet paper (the really cheap stuff), flush just about anything down the toilets (even though my lease spells out what can only be flushed).

Really want to keep to very safe neighborhoods in towns with good schools.