Modern kitchens require 8 separate circuits minimum.Using licensed Contractors also I would assume?

If a better state for landlord, maybe see if you can find a different insurance coverage and/or if tenant will pay difference in premium to cover, then require high liability in renter’s policy.

Hey Desire, Welcome to BP. 

It does not require the seller to pay it, nor does it require the buyer pay it directly.

I'm seeking guidance regarding my initial rental property, which requires significant repairs.

This requirement is another significant disadvantage of individual ownership.Repatriation of funds: One valuable advantage of individual ownership is the repatriation of funds.

Maybe Jacksonville, smaller towns, or other places "less desirable". 

I have owned single family section 8 rentals in the past, and while it was pretty straight forward, each jurisdiction likely has their own requirements and processes.In Cincinnati, again, I was buying properties on the MLS, they used to (maybe still do) use gosection8.com for LLs to list their properties.  

The lender is not required to include this contingent liability as part of the borrower’s recurring monthly debt obligations provided the lender obtains a copy of the applicable loan instrument that shows the borrower’s financial asset as collateral for the loan.

Each lender will have their own criteria but here are some tips for getting funding as an LLC…Lenders will often require these documents: Employer ID number (EIN)Your LLC’s operating agreement (the most important part is the list of owners and their percentage of ownership)Income documentation for the business which would include bank account informationInformation on any rental properties you may already haveThe personal income, debt, and credit information on each member of the LLCWhen you’re getting funding under an LLC, bear in mind that personal guarantees or credit checks will also be required.