You said best, then you said affordable.You get what you pay for.You can get a boxed system from Sams club that uses batteries that you have to replace and works off wifi.these are OK systems for around $300.00I have a Digital Watchdog Camera System that is hardwired and powered over Ethernet cable.

These are much more reliable and their are no batteries to have to deal with.I use Digital Watchdog cameras and software.if you want to view any camera remotely you'll need an internet connection.

Is Type 2 the scenario where I have the property as a pure investment and I'm not living inside of it at all?

No tool is perfect, but one can reliably understand if the cost/market potential ratio makes sense to pursue.is this purely an investment for you?

But again, since you want to live in the property its hard to analyze as a pure investment, you should be liking area, commute etc.

The goal of house hacking isn't to cash flow, it is purely to minimize your living expenses or to offset them into what you own.

You have to learn how to walk before you run.Buying a duplex in Austin, MAKES more sense for a renter than a pure investor today!  

You can narrow down the buffet of choices pretty easily by eliminating options that purely just don't fit your strengths, goals or time commitment.

Later you state you purchased for $4xxk.If this is purely a retirement home investment great job.  

Anything outside of that would be pure cashflow.