The delivery of new rentals will exceed net absorption of more than 3,100 rentals in 2014, raising vacancy 50 basis points to 6.3 percent; a decrease of 30 basis points occurred last year.Rents: The average rent will rise for the fifth consecutive year in 2014, advancing 2.5 percent to $915 per month, though new construction may lift concessions.

For example, investors can check the Bureau of Labor Statistics website to see whether the local unemployment rate is decreasing, which could suggest a smaller chance of renters falling behind on their payments.In addition, the National Association of Realtors' website provides quarterly updates on median home-sale prices in many metro areas.

I want to put the property up for rental to decrease the vacancy time.

I was told that existing occupancy levels in this small town are very high but the market is saturated and the oversupply is causing rental rates to decrease.

If I understand it correctly consider; Sure you can do that but, in a way I think you're just shifting your 'net worth' it's not increasing or decreasing the only benefit is increased cash-flow from your paid off property.

If you think about it, all you are doing is decreasing your down payment.

Depreciation is a tax deduction based on the cost basis of the property and appreciation is the idea that it will increase in value over time which doesn't really work too well with mobile homes although the land will probably increase in value over time there's no guarantee of that either, it could stay even with inflation or even decrease.

You can ask to see three years of income and operating expenses from the current owner to get an idea of vacancy, income and expenses and can estimate a post-renovation ARV by looking at what expenses can be decreased and seeing where you can add income. 

Some additional thoughts were to turn it in to a group home and just collect rent (typically higher than fair market), re-rent it and throw additional principle at the note each month to decrease the potential loss then dump it when I'm comfortably low enough.Trying to get creative here....ill keep pounding the pavement.  

Hello,Working with some partners to decrease vacancy rate of 160 residential units in a large Ohio town near Columbus.