I maxed out my conventional rental loans when I had around 20 units, and that was basically hellish. 

Basically, the NC Statutes state this:§ 42-50.

We basically want property to generate some cash flow and long term appreciation.

Other parks our size have about the same rent but have water included or basic cable, have rec centers or nice playground / pools, have multiple works on site.

My last turn which happened 1.5 years after the last one costed ~$3000 of which the SOW was basically the same as it was the prior year it was turned.

First, I'd suggest getting familiar with the basics of real estate investing—property types, financing, and market analysis.

I'm Francisco Centeno (REALTOR)So, cost segregation is basically deducting the depreciation of a property for years.Now, in the hypothetically situation...If both of you combines were earning $700k and you just bought a $2m property, and the cost segregation you got from a professional for the $2m property is $316k.

If not, then what he is trying to do is to avoid his reputation going down the drain and lose any future credibility and trust in the future. personally I am just familiar with the basics of buyer seller representations in a general sense you will need a FLA Broker or Attorney to describe to you based on the documents you have if there is a Duty from the agent on this transaction..

My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.

Learn the basics of what a good deal looks like and how to find them.