Does the buyer pay insurance, taxes, maintenance, everything over $500 in expense etc.  

Plus you will have to lock down a contractor who is licensed, insured, etc which can be the biggest headache of all.

I would for sure get ahold of some reliable licensed insured and bonded contractors who are knowledgeable and can provide you with previous work experience and call atleast 5-7 references.

Can I use that warranty for the repairs/renovations of electrical, plumbing, and hvac repairs needed?

In my experience of 2016, here is what happened:Month 1 and 2-  A lot of uncertainty due to local regulation, FEMA, flood insurance. 

The main benefit for VA over an FHA loan is 0% down required and you don’t pay monthly mortgage insurance, which can add up to quite a bit in the long run.

Details: Purchase price: $50,000Loan amount: $40,000Down payment: $10,000Interest rate: 6%APR: 6.404%TIP: 116.332%Monthly principal and interest: $239.82/monthEstimated Taxes, insurance and assessments: $292/monthEstimated total monthly payment: $532Estimated closing costs: $8,247 (+$10,000 down payment)Breakdown:Origination charges: $950Appraisal and all title fees: $1,862Recording and transfer taxes: $800Prepaid homeowners insurance and interest: $697Initial escrow (2X months Homeowners insurance + 12X months $250 property taxes): $3,000Other (buyers personal attorney fee $450 + Title-owners Title Ins $405): $855Thanks again so much for your time and input.

All plumbing will be brand new.

Purchased a condo a while ago. No noise problems with pipes. Neighbor sharing the wall did a remodel of bathroom and kitchen (both along the wall) without the HOA knowledge/approval. Pipes are insanely loud now for ba...

Plus cheap health insurance for the whole family.So I'll just keep plugging along.