Just change filters regularly and keep outside ac unit clean of cotton and debris.

Also poly dries 4x faster than cotton.

To demonstrate my technical competence, for my personal house I built a steam shower, installed radiant barriers with rock wool, and a wood stove insert with bathroom radiant heated floors and re-designed radiant floor heat zones, cutting winter energy consumption to 1/8, installed a whole house fan cutting summer energy to 1/2, extensive localized landscaping leading to a reduction to 1/8 the yard work, plus random quality of life improvements like wifi switches, heated floors and toilet seats, skylight install, exposed structural beams, and master bedroom laundry including electrical and plumbing, cathedral ceilings with skylights, a steam shower with wifi controllable lighting and music, concrete countertops, etc. 

John, I've partnered with attorneys, their time in making cotton candy at a state fair booth is no more valuable than the other guy doing the same thing.

the entry was filled with steel wool by the exterminator, and I caulked all the cracks and put on the fireplace in the summer time to try to smoke them dead.

Like the Vanguard paradox,  dyed in the wool index folks who also offer some active funds, you see some variation here both among investors and across markets, even some contrasting views...And, as mentioned above, part of the allure in RE is profiting by your own hand, inefficient markets, and higher returns....And I may be deranged, but I find it fun and engaging  and you get all sorts of challenges, good and bad (where all my index funds are pretty boring to look at even when they grow, but boring in a good way...)

Always go with the grain never against it and apply poly with a lambs wool applicator pad.

Since you plan to rewire anyway, the whole 'down to studs' plan makes sense, but couldn't you do pretty well with dense pack cellulose (or mineral wool) and fishing wires??? 

If the house has not been previously insulated - it wasn't when built - I would blow-in either dense packed cellulose or rock wool, then hang sheetrock.  

I use a 70/30 Cotton/Poly blend.