@Eugene Lubman, There's a couple different considerations here. 

In that area there aren't a lot of owner occupants so I don't think that's a much of a consideration. 

If they do complete them, it's probably very basic, not taking what your contractor is now advising you into consideration.

It’s a complex situation that requires careful consideration.  

I have been looking at it, but have not pulled the trigger on the course.

Take into consideration that that Cleveland is one of the poorer areas in the country, a $100mo difference can be huge.

I've considered putting solar panels on my investment properties, however, I have not pulled the trigger yet.

But we just can’t pull the trigger on anything.

I checked out ab968, looks like pre / foreclosures might be a good way to go if I can find them. thanks everyone for the responses, really great info. im actually starting to see more deals on properties in need of renovation so I’m hopeful I’ll be able to find some good flips when I’m ready to pull the trigger  

This could trigger the FHA 100 mile rule however with a few exemptions.Indeed, FHA allows you to put 3.5% down payment to invest in 1-4 units.