If the property condition doesnt qualify for VA financing based on condition, they simply will not accept the offer if the listing agent knows ehat he is doing.You already know the problem, so you shouldnt waste your time, and money on an inspection and appraisal if you know the property will not qualify for financing.

My recommendation is move on and do not waste more time on it.

@Chris Clothier  as usual eloquent post.I would think your advice is sound.. with Telsa and over flow from CA  the Reno valley is probably pretty solid for someone who lives there..

Also, it might be helpful to try and find a real estate agent that also invests in properties, because he/she will have a good understanding of the types of properties you will be interested in and you won't waste each other's time.  

The market will tell you if what you're asking is reasonable, or if it's a  waste of time.   

Solid info. provided by @Michael LeThe biggest impediment for most people is personal balance sheet.

You can try it but I wouldn’t waste a lot of time on as unfortunately it’s the cost of doing business

Pick a solid B-Class suburban area.

I just looked at it today, it has a solid floor, new siding, new roof, and most of the windows are new, including a new front door. the lot rent is $430 it includes water, sower, and trash.

P.S  I'd like to begin working on my loan pre-qualification so if you know of any solid lenders for first time buyers I'd appeciate it.