Even being about $150 below market, my ROE is about 8%.

When your ROE is low it's time to redeploy.

ROI vs ROE- Which one should win?

What do you guys think is a solid ROE number and why?  

Small mobile home park in Kinston NCAsking: $125,000Not in city but off of 58 S 15 space park (septic, well, paved rd)5 lot only4 POHs6 empty but ready lots $2,200 monthly incomeLot rent: $100 Trailer rent: 2-$400 2-$450City has already overturned 10yr age restriction.

Even if you net $1,500 per month, that's less than 5% ROE. 

Side note: The current Governor of SC, Henry McMaster, owns quite a bit of student rental property in Columbia and tried to get the 3 unrelated persons ordinance overturned in 2011.

At this price and rehab, I would cashflow ~$674 per month (including property management (10%), long term maitnanencae (10%), Vacancy (8%)  etc. etc.) giving me a 20% CoC and 14% ROE. 

EFFECTIVE GROSS INCOME: $89,330EXPENSES:Property Management: 7.5% = $6,700Insurance: $5,112Maintenance: 12% = $10,720 (I will likely modify this number after inspection one I have a better idea of the actual shape of the property)Taxes: $8,568Trash: $1,085Water/Sewer/Common Elect: $6,910TOTAL EXPENSES: $39,094NOI: $50,236Cap Rate: 8.37%Debt Service: $33,672 (5 yr arm - 25 year am, 5.0%)Net Cash Flow Before Taxes: $16,564Cash on Cash (Assuming 20% down): 13.8%ROE (NCF + Princip paydown): 22.1%DCR: 1.49Debt Yield: 10.5%Using 50% Rule: $83.28/unit/month

The best strategy for you is hands down flipping because of your time demanding job and the fast roe.