These can produce both cash flow as well as appreciation, provide you with a bit more diversity by having unit types, and economy of scale. 

I recommend checking out The Ultimate Guide to Grading Cleveland Neighborhoods to familiarize yourself with the Cleveland area.I always recommend out of state investors look towards the higher end asserts.

My guess is that they didn't set the pipes below grade far enough and had to dig out, or they did the plumbing late and everything was already formed up.

@Daniel Pichardo, I think you have some good leads here, and I'd agree with @Brian Adzadi that you should realistically get the hell out of NYC for investment purposes, at least at the scale that you're likely to start at.

This strategy is really meant for recycling your cash and scaling a portfolio.  

Its all about assets and economies of scale. 

But I interpreted you statement to be something like "industrial grade" which you don't need.E.

Let's ignore the fact that 80% of the homes that Cutting Edge sells are custom-designed, not stock, and focus on the fact that NONE of the manufacturers with scale sell directly to homeowners.

I am hoping to create some sort of fund for friends and family to invest in so I can start scaling.

I am from a small town and have family that invests in rental property, but on a very small scale.