If you require your tenants to have a salary 3x rent and to pass a credit/background check.

Our framer frames for two of the bigger builders in town, we have to pass a framing inspection with the city, each mechanical trade has to be independently licensed and has to pass (and schedule) their own inspections, I have COI for each sub, etc. 

Except where prohibited by law, during a live bidding event (online or otherwise) the Auctioneer may open bidding on any Property by placing a bid on behalf of the Seller and may further bid on behalf of the Seller up to the amount of the Reserve Price by placing successive or consecutive bids for a Property, or by placing bids in response to other bidders.”Homebuyers need to understand that the Auctioneer may be bidding against them and, as a result, inflating the price paid to the property to their own benefit and the benefit of the seller.http://www.shortsaleexpeditor.com/short-sale-banks...California Realtors are apparently trying to pass a law prohibiting this shill bidding. #2Agents across the nation have complained about this process, and despite their complaints, not much has changed.

This I believe would allow me to live an affluent life and give me the opportunity to pass a legacy down to my future family.StrategyMy strategy will be to buy and hold assets that will generate net positive passive income after taking into account maintenance cost that will be a natural expense of these assets.

But you need to complete a certification and pass a housing inspection. 

No bank is gonna loan you a penny under those conditions and most hard money lenders would probably take a pass as well.Only a private lender( millionaire) might be willing to help for a huge interest rate that will make you cry.What do you want the cash for exactly,it makes a difference.My advice since you have 5 free and clear properties is too to sell the 3 worse ones for whatever cash you can get and invest it in repairing the best two into modern top of the line properties charging premium rent and maximizing the ARV.

WHO would pass a deal like that?

Each one has its own culture and governed by different rules.For example, if a state requires that contractors actually take pass a test to get their license, you're going to get a different kind of contractor than states where you can simply pay for a license (like mine), even if you don't know how to swing a hammer.

Perhaps focus on homes with longer days on market, ones that didn't sell during the initial two weeks because priced too high or needs updates but would still pass a loan appraisal. 

With my initial offer I had attempted to get the owner to pass a 30 day notice tp one of the tenants.