And confirm your opinion the “unfair” idea wasn’t true. 

Once I have an idea on the MTR pricing then I go into an Excel Spreadsheet I created.

Minimum 7-10 year hold.

The idea is that they might be upset about the increase but will realize they are still getting a good deal when they search around and find out similar units are renting for $50-100 more than their renewal rate. 

He loved the idea and was open to working with me on payment as I gave him the purchase price he was looking for, so I was able to structure it with cash flow from day one, at the time rents were 40% below market value.

Do you have an idea of where you'd like to invest?

Investment Info:Small multi-family (2-4 units) buy & hold investment in Rome.

I like the idea from @Clayton Silva - increase rent annually to get the amount up to market.If you have a paying tenant with a long, good history, consider the cost of her moving: You lose at least 1, maybe 2 months rent.

a flip requires CASH for closing costs and points, a down payment, holding costs, costs to cover any overage you weren't able to borrow...so, the issue with flipping is that (1) it takes capital, and (2) the return is 6-12 months out.

A prefab homes is built in 2-4 months so the holding costs should be too painful.