Can somebody explain exactly what this means and how it would benefit or hinder my ability to invest in this property?

You have to look at your state-specific website and it should explain what your options are.

I'll skip the games, the hugs, the laugh's beyond laugh's that I couldn't explain any way.

I am open to meeting with folks and explaining how I find properties and such. 

How will you explain the sudden windfall of cash to buy another house? 

Review and know the sales contract so they don’t have to explain it to you over and over again.

I love your illustration of the "baskets" , such a simple way to explain in a visual way. 

if no then your kind of stuck  HML are going to look to major stake holders to PG most of the time as well.U can ping me off line and I will explain how I have done this were I am the only guarantor  

Is there a simple way to explain exactly how this is and how to calculate it for a specific market?

You can remedy the condition (department of housing will explain how), then have the property inspected, and the notice will be lifted.The leases may state that rent is abated until the condition is removed.