They bought the house in fair condition knowing that they need to put some money into it to not only improve the future value but to also improve the current cosmetics.  

In Florida for example Parks with > 50% Tenant Owned Homes can veto an increase deemed unfair to them (e.g. it was raised to much too fast).  

If this is a SFH with in law, the tenant has the right to move back into the unit at the prior rent except for any normal increases after capital improvements and rehabilitation of the units have been completed. 

The conditions are similar to those that would make it possible to ask for a home office deduction.The other moving part indeed is how much can you leverage, @Ariel G. 

I just started placing adds on Craigslist to find sellers when putting an add is it good to have too much information or just keep it simple like I've seen them: we buy houses in any condition cash.

My dad has a modular home under contract with a private motivated seller.It's under contract well below 50% ARV and is in good condition.  

I know it isn't a significant amount by many standards, but it will allow you to increase your portfolio and leverage what you have to build equity. 

For what it's worth, my home appraisal increased $10,000 as a result of a $6,500 plumbing "upgrade".For anyone who has ever had a well/septic setup, they'll be quick to point out just how much of a PITA they are to maintain and keep operational at "optimal levels".

I know that using a VA Loan , that they have the Strictist Clauses, in that a Property  HAS TO be in Move in ready condition, in order for it to qualify under the VA Loan Guidelines . correct ?

To get there I am working on increasing my income and reducing my daily living expenses.I had a massive personal budget overhaul about a year ago and reduced my expenses as much as I could, all expenses are planned and budgeted and I know exactly how much cashflow I have each month if there are no unexpected expenses.Part of that is I am focusing on flipping/wholesaling property to build more capital and then use it to buy more rentals as well and focusing on increasing my J.O.B. income until I can do REI full time.I think either route can work, buying only rentals may be a little slower at first but if the equity and cash flow are managed well it can increase more and more.