It seems (in my limited experience) that every time one approaches a 'realtor...' they either consider an REI a "competitor?"

Marcia you seem like a very fair and rational person on whom you, may consider an applicant, and as for you bill maybe you should reconsider your policys through an interview process, I' m about to be a little more personal then most people, just because i know who i am and where I am in my life.

The other option is to modify your offer.If the deal is otherwise good and you're not financing with a USDA / FHA / VA loan (which would fail due to condition), ask your lender whether your loan would pass with the house in it's current condition.If it won't, consider an FHA 203K construction loan.If it will, reduce your offer to reflect the repairs that are needed.Otherwise, as @Jay Hinrichs says, NEXT!

So I went back and said I’d consider an adjustable rate mortgage under the following conditions:-The loan had to be fully amortized (Meaning the loan had to be for a full 15 or 20 year term…no chance to discontinue the loan)-The rate adjusted every 5 years at Prime + 0.50-There was some sort of interest rate cap -There were no covenants Within days I had letters of intent (LOI) rolling in.

I once made a multi-million dollar unsolicited offer on behalf of a client to a seller that said he would consider an offer, but didn't want to give any pricing guidance because he felt he would tip his hand.

Before you consider an S Corp. 

Also, if you move forward with the property you can also consider an estoppel agreement  from the tenant/current owner in which they write down and sign the current amount of the rent. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Craigslist is really good for selling cheap land but if you are having trouble selling I would also consider an absolute auction.

I just do not play in that space as I am doing 3,5 10 million dollar deals.The government has criteria typically one million or more net worth not including the house is around what they consider an accredited investor which is why I had that under A and B but I agree the passive investor portion of the site needs more work.Ultra high net worth is generally 25 million or more.For passive investors I am not looking for 25k slices at a time.