Minimizing per-property costs by streamlining rehab work and putting in high-quality upgrades to keep maintenance costs lower for longer is also important (and you should ask what the rehab process entails).

And what does it entail...?

BP contains a wealth of knowledge and experience related to investing in real estate, buiding wealth, and all that that entails.

Does anyone know about this requirement, what it entails and how much added cost I could be looking at?

I'm somewhat at a lost as to what the entire process entails.

I have a lot of people asking me about new construction and what all is entailed in a new build deal, so I figured I would share my most recent deal with the wondering people of BP! 

I can use this to start learning what the particular strategies actually entail so I can learn when and where a particular strategy makes the most sense.Thanks again,George (from Ypsilanti)

You also mentioned the house has a lot of cosmetic issues too... if you're purchasing with a VA loan, these "cosmetic issues" depending on what they entail, might also be flagged by an appraiser and require further repairs. 

There's rarely an exit strategy that doesn't entail taking a loss on the unit.

I don't want to be paying utilities, then billing the tenants, and having the additional work of all that entails, while living/traveling in our RV and work camping out of state.