Then in the "other conditions"/narrative section state that the property must pass a 4-Point Inspection. 

If not you can’t just paint it yourself as the owner you’re usually given a pass as long as your not lining the neighborhood children up for free lead paint chip snacks.

Lets say it would pass a bank's physical inspection.

to Mike's point, for new investors it is always best to own properties that pass as much (if not all) of the expenses to tenants.

its a hard pass as a lender.. and a letter to the seller would be appropriate.  

You take a class for a couple weeks, pass a test, and find a Broker to work under.

Highest fail rates for the AINS, CIC, CPCU, CISR, etc (for those not in the insurance world these are designations that show you are proficient in insurance, not just pass a state exam) are in the commercial casualty (which includes Commercial General Liability, Business Auto Policy, Work Comp and Commercial Umbrella).

If they are the duplexes I'm thinking about, I'd probably pass as that's not a good area of town.

Renovations are not yet complete so it will not pass a home inspection for a mortgage.

Whether that be off the bat or if you begin managing pass a certain amount of funds?