Using borrowed money is going to make it difficult because you're putting extra pressure on whatever you buy, and with prices and rates high it's going to be tough to get a return for years or even decades.  

The client is saving over $30,000 on their taxes and only paying $2,460 extra in interest for the DSCR loan. 

But I am not planning to pay them extra 60 day rent for lease termination for lease that does not exist because Michigan does not allow automatic lease renewal due to insufficient notice.

What you pay with labor will depend on if for instance one of my units still has a good pad and tack and strip then I just pay for carpet and installation cost.What you will pay will also depend on how much you are installing at one time.I don't like Berber for rentals.The design of the loop once it starts unraveling it can unwind pretty good an dis harder to get certain stains and pet stuff out of it.With carpet you want a Nylon carpet even if the cheaper version.Some carpet guys will try to sell you the rubber composite carpet stuff which is the really cheap stuff so it will stand up to tenant abuse.The problem is it can only be cleaned usually up to one time and then you need to replace it again.So I would rather get a cheaper nylon that can be re-cleaned many times over after installation for an additional .10 to .15 a sq ft extra than the super cheap stuff I will have to replace again.If you get 1 sq ft for carpet,pad,tack and strip,and labor install and it is Nylon you are getting one heck of a deal.Even at a carpet place usually you are at .40 to .50 for the pad and .50 to .60 for a cheap carpet.Then you have to do material to install and labor.I have seen sometimes if you have to do a small area you can pick up quality remnant pieces for real cheap and hit that type of number or buy in bulk.

So, would the PPP trigger for simply paying a little extra on monthly payments? 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

I have never had big difficulty getting a permit opened.  

If your tenants want 68 degree units they can pay an extra $50 or so apiece per month for each window unit.

Wholesalers can be a great resource as they will take the leg work out finding the properties for you, but assigning contracts can come with difficulties in the title.

Quote from @Devin Dorame: @David Colthart Before you invest or buy in The City of Cleveland I would suggest you google "Tenants First Initiative" and become aware of all the extra fees and problems the City of Cleveland gives "Out Of State Investors".