On paper what you're describing might sound doable - but it sounds like your perspective on REI is based off of knowledge of only the "good parts" Managing and owning rentals (yes, even with a PM & price point of sub $50k) comes with its own challenges and headaches. 

And thanks to everyone else describing the ins and outs of what a 'cash' offer is.I am putting a "cash" offer in today with the possibility of getting a HML/PML loan before closing.

me personally after owning a few hundred doors in jackson MS that were as you describe C D 80% equity to me is no equity.. so again to me is this your life calling.. ??

So, yes, you can absolutely get a traditional loan using 20% down an receive a loan with lower closing costs and a lower interest rate...or you could go the other route.Hope that makes sense how I am describing it. 

You described my entire region of specialty.

@Henry Clark BP has a site in development that I think will attempt to do what you describe.

I would recommend discussing it with an attorney to describe all the nuances. 

You described the type of property for 4 different markets:  3 bed, 4 bed, 5 bed, and townhomes. 

., refrigerator, stove, dishwasher, microwave)]Utilities: [Indicate whether utilities are included or not]Pet-Friendly: [Specify whether pets are allowed or not]Outdoor Space: [Describe any outdoor amenities like a backyard, patio, or garden]Additional Features: [Mention any additional features like hardwood floors, fireplace, or walk-in closets]Property Highlights:Spacious and well-lit interior with [describe any notable architectural details or design elements]Open concept living and dining area, ideal for entertaining guestsFully equipped kitchen with modern appliances and ample cabinet spaceRelaxing master suite with a private bathroom and [mention any unique features][Add any other notable highlights or selling points of the property]Location and Neighborhood:Situated in the heart of [City, State], our home is conveniently located near [mention nearby amenities such as schools, parks, shopping centers, and public transportation options].

I’m in CT and they have funding to replace the foundations in the way you described.