I didn't like school in the same way others didn't like their job, but the thought of earning a living in the way I just described actually took the desire and motivation to even live, deep down inside of me, to extinguish.

@Cutter David my business partner and I are doing exactly what @Peter Fennig described. 

What you’re describing is a stigmatized property.

I am working to create a private tenant database for my local community to be accessed only by landlords.The system will allow landlords to list the tenant’s info, property address rented, rate the tenant, upload photos of damage, and describe the circumstances of their departure from the property (ie – do they still owe rent).It’s accessible from a phone for landlords to upload and check.The idea is to create a way for a quick prescreen of potential tenants.It’s searchable by name and or address (of their previous rented location).I’m developing this as a way to help hold bad tenants accountable for their actions and to provide some level of honest & accurate screening.There are some potential challenges with landlords abusing the system.However, if pictures are provided or required to document damages I think that will go a long way to avoiding this.Also, I doubt landlords are going to take the time to slam a tenant who doesn’t deserve it as it would provide no value to the landlord.In my lease I include a line highlighting the “landlord’s right to report”, which outlines that I will be reporting on the tenants actions to a 3rd party data management company.Think of this as reporting to a credit bureau.The feedback from my renters has been interesting.They are worried about future landlords seeing this and it seems to be having a positive impact.I’m curious to know if landlords in other communities would find this of value.I’m also curious to know any thoughts you have on this.I’m hoping this would be something adopted by cities to help landlords manage bad renters.My community has been on a rampage of blaming landlords for all of the ill’s in the community.Yet they provide zero assistance in actually addressing bad renters.

@Andrew Koss, If the seller will not do any type of financing, even after you've offered him a deal as you're describing here, than I suggest using a form of hard money.

That would create a self-dealing prohibited transaction and invalidate the IRA.If that is what you are describing, then your question is moot.Is there a different way you are envisioning this transaction that is all IRA funds?

@Jeff LundeenMy W2 is essentially 'driving for dollars', so I've been putting organic mailing lists together based on houses I find in the exact conditions you describe. 

Great job describing your journey thus far. 

You may have trouble financing and getting through the appraisal if what you're describing is the case.I'd be inclined to reduce my offer and just take on/manage the work myself. 

You can judge my competency for yourself, but at a minimum I can say I'm heavily into real estate myself, have many BP member and RE investor clients (some quite big players in the market and just looking for me to do be the third party eyes as you describe), and don't bash on RE as many planners do.