However, once a GC dug deeper for a bid, discovered stucco issues made worse by lead paint, potential roof issues, electrical upgrades needed to at least the panel and connection from street, and added the cost of plaster and lathe demo as opposed to drywall, the rehab estimate came out to $85-90k.

Any opposing thoughts to seeing these terms in a market pricing / availability tool vs. industry standard terms?

I have never been in the business of talking folks into or out of Cleveland as opposed to any other market. 

@Matthew Brill  In typical Rich Dad fashion... you found a way to say how can I find the property I want, as opposed to shutting off your brain with the predetermined notion that you can't find it.

My view is that people are a big part of a business, and that affordability and quality of life for employees (as opposed to convenience for the CEO) may be the parameter that tips the scales. 

@Juan Espinoza And once you find someone, your pitch needs to be compelling enough for them to be excited to invest in you as opposed to other investment vehicles.Have a plan written out with your strategy on the deal, projected ROIs, and any other stipulation that you can think of.

The motivation is not based on assumed guilt as opposed to simply covering all their bases.Do not panic, proceed with caution.

The decision to move to a lower priced market was partially based on the realization that starting a family and building a stronger financial and investing base from which to grow will be easier to do in a market like Sacramento, as opposed to Orange County, especially at that point in the market cycle. 

As opposed to the house from the 50's no one has put a dollar into in the last 60 years.

You only need to put 3.5% down, so cashwise it won't get in the way of other real estate goals you may have.My first deal was a 4-unit up I bought with FHA financing (3.5% down) in Santa Clarita.I lived for free (as opposed to paying rent) + enjoyed cash flow + built equity.