Whether or not 7% make or breaks the deal depends on the cap rate and the specifics of the deal.

Nvidia is now higher valued as Apple at $3 trillion market cap.

Thank you, LTARV is usually a loan cap.

Tough to beat this answer from @Michael PlaksYou can also check out these two recent posts that walk through Section 121 Exclusion and 1031 Exchange guidelines and strategyHow Section 121 Exclusion and 1031 Exchange works: https://www.biggerpockets.com/forums/51/topics/1195208-1031-and-sec-121-experts-want-to-sell-rental-but-tax-worried What not to do if you don't meet the requirements for Section 121 Exclusion and 1031 Exchange:  https://www.biggerpockets.com/forums/51/topics/1195383-5k-for-cap-gains-tax-opinion-quote-that-reasonable ...

Aar is about 20-30% depending on your expected exit cap. 7-10% cash on cash return. 

And with a lack of five-star communities, there's a major focus on the primary MHC market, which is much more stable in terms of occupancy and cap rates compared to traditional multifamily properties.Well, there you have it – the manufactured housing community sector is a hot ticket, with demand growing, rents on the rise, and occupancy rates staying solid.

I remember seeing them capped during my first walk through.  

The projected cap rate is 11%-12% which is not bad at all, especially considering that once the remodels are complete, rents will more than double.

That's between a 6.5% and 7% cap rate.

I don't know your full situation, but you'll likely pay cap gains tax and have to recapture depreciation.