I have to admit I see lot of rehabs who try to cheat, use builder grade junk .The need a new electric upgrade they will only do a box and have a handy many men do it no permit .When in fact they need to run a new wire to each out let it is crazy.Best advice with flips it needs a good inspection, fact most other investors I see never buy a flip bad workman ship, over priced.

Did this include footing down to frost line or a simple slab on grade? 

It would look similar to the house below, but on grade level.

You should ask your REALTOR for the phone numbers of lenders and talk to the lenders directly because your REALTOR does not have a mortgage license, if he does thats great but it does not sound like he is telling you the first grade version of what you need to know.Hope this helps Christian.

If you need any help with the Cleveland market, many BP users have found this post valuable.Cleveland-neighborhood-grades

These are hands-off, institutional grade real estate investments. 

@Jared Garfield  got it.. so do you think scattered rental homes are equal to A class investment grade multi family or commercial ? 

They are hands-off, institutional grade real estate investments, and they allow you the option to diversify.

They are hands-off, institutional grade real estate investments, and they allow you the option to diversify.

They are hands-off, institutional grade real estate investments, and they allow you the option to diversify.