For example in Vegas right now the lower priced properties (under $200k) that are priced correctly tend to have multiple offers.

I'm specifically interested in a lock system that will allow me multiple entry codes and allow me to remotely monitor who and how often people are entering the home. 

Then multiple emails of the same house come out with a mixed up combination of all the numbers above. 

To my mind, just by adding the word "remediation", the cost goes up multiples!  

I am thinking like you, I do not plan to ever sell, but if you do there are multiple tax strategies to reduce any possible taxes such as a 1031 exchange or the capital gains exemption.Of course a good tax lawyer should always be consulted before implementing any advice in these forums, including my posts.

I have a couple potential investors that have approached me and are willing to loan me money to do a flip or multiple flips. 

Maybe you've tried this to no success already, but sometimes people need to hear the same thing presented in different ways or multiple times in a VERY NON CONFRONTATIONAL or argumentative manner.  

I live in Allen, Texas, but my work takes me all over the country.I heard about BiggerPockets from multiple books that I have read about real estate investing.

There are multiple levels of certification depending on how much remediation you choose to do, each certification level comes with corresponding requirements for routine re-certifications.

Had I used your Rule of 5, I would have bought both of them and had multiple tens of thousands in unexpected expenses.