As I understand, you want to know if you can connect the Slingbox SOLO to a video/security camera and stream to the iPhone Mobile application.
As a matter of fact, you can. You only need to hook up the Slingbox SOLO to your video/security camera. Then, you will run the Setup Assistant for Internet Viewing. Finally, you'll need to purchase the SlingPlayer Mobile application in order to get the remote connection from your iPhone Mobile device.
The following links will provide you with some information that might help you.