You might consider looking further out or at properties that have something about them that make them less attractive but you can address. 

-The quality of tenant you can attract with central air is higher, and you will keep them longer because nearly everyone in STL is looking for central air if they can afford it but dont have it.Dont forget the AC cage to help deter theft of the copper in the condenser. 

- started at 350k, recently went to 320k, now at 299k…Essentially, if the house was located anywhere else, it would not be attractive.

In truth, cap rates in the US are often higher than found elsewhere in the world.For many foreign investors, US MF looks very attractive even at a 3% cap and they are pouring their capital into our market.

Many of these mobile homes weren't designed to support that much weight.

Palm Coast seems really attractive it is a very clean, manicured, and newer area. 

its not like other areas were infill in old established neighborhoods and the build is a Modern design..

If you see it happening and think it's a violation, contact a moderator and they'll investigate.The forums are designed for the free sharing of information.

We decided to make an attractive offer to try and get our offer accepted.Ultimately, we will be renovating both units when the leases are up so we can command top of market rents.

Some municipalities don't want multifamily units because they attract renters or cause too much density with the additional units.