Master Lease Option

[Zackary Thomas]

Have a few questions about the Master Lease Option.  I'm 21 and looking to get my first multifamily deal to house hack within the next 3-6 months. Preferably I would like to get four doors, however, being in the military as a lower rank I don't qualify for the loan amount that I would like to get. I have considered getting someone to co-sign, private/hard money *not sure that is the best way to go for a buy-and-hold investment*. 

I just recently heard of Master Lease Option, I understand I would be the "Master Tenant" having control over the units while collecting the cash flow, which may be a way to get my foot into the door of a larger multifamily property with the option to purchase at a later date. However, I would not be the owner and be able to use tax benefits. If anyone used this method or is familiar with it I would be very grateful for some feedback and advice.  

Thank you! 

Zackary Thomas