This cash is strictly for the property, not personal living expenses.  

Many brokers interpret the rules more strictly than most investors.

Only three individuals met the minimum requirements and each one has taken an application but mentioned that it was probably too small for them.Everything I have read shows no indication that my minimum standards are too strict regardless of place. 

They have no checking account and paying bills that way is not routine, you frequently have to knock on the door and ask for the rent.

You will need to lay very strict ground rules in terms of communication, how expenses are documented and timelines.

This is strictly about a contract.  

So with a cash deal, if we're strictly talking about residential, you are really looking at title, attorney, filing fees, and then your inspection and if you get a survey.

Hammond is very strict in using only the registered in their town as general contractors for rehab.  

Assuming market does nothing but go up in the next ten or so years I could put market if it's worth it, but strictly buy and hold at this time for such cheap prices.

If you rule is strict, then they would be disqualified.